The expected 10Y annualized U.S. equity returns fell from 3.4% to 3.2% last week.
— Ray Micaletti (@RelSentTech) February 6, 2023
The 10Y UST yield closed the week at 3.53%.
Thus, we have a -33 bps of equity risk premium.
For the blue line to converge to the black before Dec '23, the S&P 500 would have to trade at 3000. pic.twitter.com/aviJeSvO9W