Is any of it priced in?
Now that the 10-year yield is hovering around 3%, the discount rate for equities need re-evaluating. Not to mention, surging commodity prices and supply chain bottlenecks are really cutting into profit margins and company forecasts. Even with this gloom, the markets seem to be consolidating right now; althought no one knows exactly what for. What will be the catalyst for a break out and which direction will it be in?
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