Capricorn Co-CIO Sees a Wait-and-See Game Being Played With Yields

The transcript discusses the potential impact of yield changes on the market, focusing on the 10-year yield and its implications for equities, the dollar, and borrowing. It highlights market expectations, the role of the Fed, and the reflexive nature of market reactions to yield changes. The discussion also covers synchronized growth, market volatility, and the potential for short-term pressure on equities.

In what way does the speaker suggest that market participants are conditioned regarding yields?

What does the speaker imply about the ability of companies and governments to borrow in a high yield environment?