Investors “should consider locking in some of these interest rates… I think it’s an attractive time to lock in some of these yields,” Turnquist says, “[as] you don’t have to take a lot of duration risk… you also don’t have to go into the high yield space.”
Turnquist adds that “big picture… I think for the S&P 500, as long as the 10-year continues to trend higher, I think it’s going to be a struggle for upside momentum to continue for stocks.”
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