BCA Warns S&P 500 Needs Sharp Selloff to Ease Bond Yields at 7433

BCA Research now warns that bond yields will not fall materially without a meaningful equity correction, with the S&P 500 at 7,432.97 and the 10-year Treasury yield near 4.61%. The caution follows a week of mixed signals: Morgan Stanley and Yardeni raised targets to 8,300 and 8,250 while Wolfe Research and Barclays flagged unsustainable yield spikes amid record $70 billion equity inflows. BofA’s survey showed just 4% of managers expect a hard landing and cash at a record-low 3.9%, leaving markets vulnerable if oil stays above $100 or the Fed hikes rates.