There's almost no risk premium at all for $SPX (https://nitter.moomoo.me/search?q=%23SPX) earnings yield vs 10-year Treasury yields 🤔
\- This is the third quarter in a row of negative earnings growth for the S&P 500
\- and 10-year yields may rise further from here as economy and (core) inflation remain somewhat resilient
https://nitter.moomoo.me/Mayhem4Markets/status/1690329534371958784#m