My measured take on the signifcant treasury moves this week... while I believe this will be a relief valve on the extremely hot go-go stocks, I don't think this is going to lead to some major bear market or economic catastrophe. I'm already seeing the same type of bearporn posts we saw during the Iran conflict where investors were certain the market was going to experience a massive crash. Then again we started seeing it after the hantavirus headlines, and how it was the new covid. Now again with rising yields. Not only has the AAII bear sentiment stayed stubbornly high during one of the strongest stock market rallies in history, it actually headed higher this week (and the poll was taken before the big yield moves on Thursday and Friday). Clearly these risks don't matter to the market as much as people think they should, but it is providing that continuous wall of worry that keeps retail sidelined, a hallmark of strong bull markets.