JPM says 10-year Treasury yields may climb to 5% before equity multiples start to compress, provided EPS growth stays near 15% year over year. The key for investors is not rates alone, but whether earnings growth can hold.
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JPM says 10-year Treasury yields may climb to 5% before equity multiples start to compress, provided EPS growth stays near 15% year over year. The key for investors is not rates alone, but whether earnings growth can hold.
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