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Stocks at all-time highs with extremely high yields is unusual; historically precedes corrections.

From CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next? · jumps to 21:20 · speech

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So the idea here is as yields go up, you're gonna see stocks come down till they get cheap enough to say, you know what, I'm willing to accept that risk premium within stocks because the yield risk-free rate is so cheap, right? Now, this is, I'm trying to explain this like as retard-proof as possible, okay? Retard-proof as possible. But what we're seeing right now, okay, is stocks are at all time high, and the yields are extremely high. We saw that bit of a kind of wobble there. You saw the dollar pull back a little bit when Bessent said they're gonna buy back, you know, the long tail. But ultimately, we're in, you know, kind of relatively, you know, I don't like using the term unprecedented because everything's precedented, you know, everything that's happening is unprecedented technically, but like we're at levels where, you know, prior we had stock market corrections when yields were this high.
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