Lisa Shalett Sees Potential US 10-Year ‘Reckoning’ for Stocks

Lisa Shalett, CIO at Morgan Stanley Wealth Management, discusses the US Treasury’s move to increase the purchases of long-dated bonds and sees a reckoning for stocks “around at least multiples, valuation multiples, is coming, if, in fact, this 10-year pushes forcefully through 4.75 on its way to 5%.” (Corrects spelling of guest’s name in headline.) (Source: Bloomberg)