Conditions are ripe for a market ‘accident,’ but surging bond yields alone won’t cause it, concedes pessimistic strategist
Reported by MarketWatch · marketwatch.com · August 20, 2026
The rise in bond yields renders markets more vulnerable to bad news, observes the “permabear” Albert Edwards of Société Générale.
What the tape says
What to watch: Rate relief reduces cost of capital — typically bullish for leveraged businesses and housing.
Market reaction today: $EW +0.79%
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