Equity Markets Shifts Focus to Earnings

The video discusses how markets are adjusting to high interest rates, focusing on the equity market's sensitivity to earnings announcements. It highlights the underperformance of rate-sensitive sectors like utilities and telecom. The discussion also covers the market's sensitivity to a 4% 10-year yield and the conditions needed for such a yield, including faster growth and higher inflation.

What is the significance of a 4% yield on the 10-year treasury according to the text?

What conditions would need to be met for 10-year treasury yields to reach 4%?