Bitcoin drops out of the global top ten assets by market capitalization, now ranking 12th.
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Goldman Sachs strategist warns: Earnings temporarily support the stock market, but if US Treasury sell-off accelerates, US stocks may come under pressure
Goldman Sachs strategist Peter Oppenheimer believes that healthy corporate earnings can still partially offset the pressure that high yields place on U.S. stock valuations, and that nominal economic expansion also supports corporate revenues. However, if bond yields rise rapidly, especially if the pace of the increase accelerates, this buffer will be significantly weakened and the stock market may come under pressure quickly.
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