TODAY'S MARKET INTELLIGENCE
Conditions ripe for market 'accident,' but surging bond yields alone won't cause it, concedes pessimistic strategist
English summary
Albert Edwards of Société Générale, a "permabear," notes that rising bond yields render markets more vulnerable to bad news. He concedes that surging yields alone won't cause an accident, but vulnerabilities have increased.
The English text is machine translated and may require verification against the Chinese version.
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