Yardeni Says Bond Market Has Been Rigged by Central Bankers for Almost Ten Years

The video discusses the current economic conditions, focusing on the Federal Reserve's gradual normalization of monetary policy and its impact on the bond market. It highlights the role of central banks in influencing bond yields and the concept of bond vigilantes. The relationship between bond yields and nominal GDP is explored, along with the potential effects on equity markets. The discussion emphasizes the importance of understanding how rising bond yields can affect market valuations and earnings, and the need for consistent earnings growth to sustain market prices.

In what ways do rising bond yields affect equity markets?

What are the potential consequences if bond yields lead to a deceleration in earnings?