AbsurdityMore sideways is highly highly unlikely. Boom or bust! US market cap to GDP 157% (LOL). Perhaps the most ridiculous thing of the last 11 years is when the moving monkeys on CNBC repeat "this time is different".
For that to be true, the market should have no problem going to 180% of GDP. Think about that. Good luck.
Yields rise, it tightens credit conditions. Equity falls.
Yields fall, its a deflationary feedback loop. Equity falls.
Good luck everyone. Be careful.
