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Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, compares U.S. Treasury yields from March 2020 to present levels.
According to Carlson, the 30-year Treasury yield increased from 1% in March 2020 to 5.4% today, while shorter-term yields such as the 10-year and 3-month have also climbed sharply.
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Carlson has previously highlighted that the top 10 S&P 500 stocks now represent about 40% of the index, each exceeding a $1 trillion market cap. He also noted that AI could add 2% per year to S&P 500 EPS growth, but warned of a 10% existential human risk from the technology. These observations reflect his ongoing analysis of major market trends and risks.