Ackman Says Would Not Be Shocked To See 30-Year Rates Through 5% Barrier
Portfolio Pulse from Benzinga Newsdesk
Bill Ackman, the founder of Pershing Square Capital Management, stated that he would not be surprised to see 30-year rates surpass the 5% barrier. This could potentially impact the bond market and indirectly affect the stock market.
September 28, 2023 | 8:48 pm
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The SPY ETF, which tracks the S&P 500, could be indirectly affected if 30-year rates surpass the 5% barrier, as predicted by Bill Ackman. Higher interest rates can lead to lower stock prices.
Higher interest rates can make bonds more attractive compared to stocks, leading to a potential sell-off in the stock market. As SPY tracks the S&P 500, it could be negatively impacted by this potential shift in investor sentiment.
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