Conditions are ripe for a market ‘accident,’ but surging bond yields alone won’t cause it, concedes pessimistic strategist

Albert Edwards, chief strategist at Société Générale, stated that rising bond yields have made markets more vulnerable to negative developments, though he acknowledged that yield increases alone would not trigger a market downturn. Edwards is known for maintaining a persistently bearish outlook on markets. He did not specify what catalyst might cause the downturn he anticipates.

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