- The opposite of unfazed as Treasury yields shoot higher, stocks might start to pay attention once the 10-year breaches 3% (vs. current 2.42%), says Jeff Gundlach.
- As for timing, Gundlach suggests 3% could be hit next year if Trumpian tax cuts, fiscal spending, and regulatory loosening come to pass.
- And 3% might just be a start, he says. The 10-year yield could go to 6% over the next four-five years thanks to the "bond unfriendly" Trump administration.
- ETFs: CRF, SCHX, VV, USA, ZF, PLW, FEX, JKD, GOVT, EEH, EQL, FTT, EGF, IWL, TAPR, FWDD, SYE