The stock market bull run is in its 'twilight', Fidelity's global macro head says

3 Months ago, Thu, Sep 14, 2023, 02:30:32
"If long yields keep climbing, it will leave a mark on valuations, per the discounted cash flow model (DCF), regardless of earnings. It all suggests that the secular bull market for equities is in its twilight," Jurrien Timmer said.