āŒ 3 Things Stopping The S&P500 From Going Higher

US stocks may struggle until these change ↓

.

šŸ‘‰ Treasury Yields.

Bond yields on the 10-year note have increased by a third over the past month.

The result? Investors may be rewarded more for buying these assets as opposed to
equities —

Causing a rotation that's doomed to sink risky stocks.

šŸ‘‰ Undervalued Europe.

With the S&P500 now trading at DOUBLE its average P/E (45 now vs 22.3 usual),
investors are likely to pull money out of the US and focus on markets where
valuations are less lofty.

šŸ‘‰ China's Growth.

Last year, China dethroned the USA as the world's #1 economy in terms of FDI
[WSJ].

Countries poured $163 billion into the former whilst only adding $134 billion to
the latter —

Signaling that there's a new game in town.

What does this all tell us?

1ļøāƒ£ Bonds are retaking control of investor sentiment.
2ļøāƒ£ Value and fundamentals are now driving prices instead of growth and
speculation.
3ļøāƒ£ Narratives change quickly, hence it's important to keep track of them
consistently.

Insights to Improve Your Investing - Rashique Rahman

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