‘Dean Of Valuation’ Aswath Damodaran Calls Fed Rate Debate ‘Pointless’ — Says ‘There Is Little’ That Kevin Warsh Or Scott Bessent Can Do
Damodaran found that the S&P 500 moved about 0.5% when the 10-year yield changed by more than three basis points. Damodaran noted that the 10-year Treasury yield rose from 4.18% to 4.75%, while longer-term yields crossed 5%. He said higher rates do not always hurt stocks because companies can adjust their cash flows. Damodaran said … Read more