Watch a 10-year yield of 1.75%, which will weigh on S&P valuations - Crisafulli

Feb. 24, 2021 3:16 PM ETSPDR S&P 500 Trust ETF (SPY), TBT, TLT, TIPSPY, IEF, TIP, TLT, BND, TBT, VGLTBy: Kim Khan, SA News Editor32 Comments
  • The S&P 500 (NYSEARCA:SPY) +1% could withstand the 10-year Treasury yield rising up to 1.75% before price-to-earnings compression becomes more pronounced, Adam Crisafulli of Vital Knowledge Media says.
  • "At the least, the multiple expansion process (whereby the SPX PE increased ~3 turns as yields collapsed

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