Stocks No Longer Out-Yield TIPs
Who are John Bull and TINA?:
The hurdle rate is back and TINA is dead. The equity side of the ledger has barely noticed.
The hurdle rate is back.
TINA is dead.
Real yields: 2.72%.
Above the 2% line.
S&P 500 free cash flow yield: 2.66%.
Below TIPS for the first time since 2008.
Bonds finally pay.
Stocks haven’t noticed.
Valuation is armed.
The trigger hasn’t fired.
📥 Download the report now.
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