Fed Rate Cuts May Have Limited Upside for U.S. Stocks

The video discusses the potential impact of Federal Reserve rate cuts on US equities, highlighting the limited room for rate cuts due to low current rates and the late credit cycle. It examines the earnings yield of S&P 500 stocks compared to 3-month treasury yields, noting that both have decreased. The video also explores market expectations for rate cuts and the potential limited upside for US equities.

What factors are contributing to the decline in both earnings yields and cash rates?

What concerns are raised about the potential upside to US equities following Fed rate cuts?