Investor Ray Dalio stated that corporate earnings have previously protected stocks from rising bond yields. However, he cautions that this buffer is diminishing because free cash flow may weaken.
Key facts
- Ray Dalio warned that the stock market's buffer against rising bond yields is shrinking.
- Earnings have historically cushioned stocks from rising bond yields.
- Free cash flow could potentially weaken.
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Source: CNBC World News — Read original story
