JECohen flags tech stock valuation risk as 30-year Treasury yield nears 5%

S&P 500 index

S&P 500 index

SPX

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  • JECohen flagged rising long-term interest rates as a key risk to equity valuations despite the S&P 500 surpassing 7,500.
  • 30-year U.S. Treasury yield briefly hit a nearly 20-year high before easing toward 5%, driven by inflation concerns.
  • Tech concentration remains high, with the Magnificent 7 at about 35% of the S&P 500, raising portfolio construction risk.
  • Valuations look stretched, with the S&P 500 at about 21x forward earnings; technology at about 24x.
  • Fixed income looks more competitive, with investment grade corporate bonds yielding 5.3% and Treasurys 4.4%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JECohen published the original content used to generate this news brief on May 26, 2026, and is solely responsible for the information contained therein.

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