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Surveillance: Transition Period with Zelter

Bloomberg Surveillance

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How the Stock Market Elevates Off of That 5% Yield

Bremmer: The level of pricing adjustment seemed excessive to me based on my original comment. Doug Cass looks out and says, look, dividend SPX 1.7%, Lisa's talking about 5% money. How does the stock market elevate off of that 5% yield? Yeah, listen, it's a tremendous headwind right now. Bremmer: It's not sufficient to look back historically and say, well, the market rallied in 1983, and interest rates were much higher.

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