With the second quarter coming to an end for the U.S. economy, there has been a noticeable decrease in interest rates, as the ten-year treasury yield fell to 2.833% on Tuesday.
Slowing Growth: The S&P 500 equity risk premium has risen to 340bp, while the fair value level is estimated to be 370bp, a Morgan Stanley analyst reported on Tuesday. The analyst also mentioned that these conditions are appropriate for more lows to come, and until earnings estimates are reduced, the bear market will not be over.
