David Kelly Says 'Real Rates Are Too Low'

The video discusses the recent rise in yields, comparing current rates to historical trends. It predicts future interest rate changes, suggesting a potential equilibrium level for the 10-year Treasury. The discussion includes the global fixed income market, highlighting the reduction in negative yielding assets. The focus then shifts to equities, emphasizing cyclical plays over defensive ones, with a positive outlook on financials and technology sectors. The impact of rising yields on dividend-focused stocks is also considered.

In what ways are financials expected to benefit from rising rates?

What are the implications of rising treasury yields on stocks that are primarily bought for their dividend yield?