The bull market’s biggest enemy right now could be Bessent’s interventions

Investors are bracing for a potential market shake-up as the yen strengthens and Treasury yields rise, which could spell trouble for the ongoing bull market. Bessent's recent interventions in the currency market are intensifying these trends, raising concerns about their impact on stock valuations. This dual pressure from currency shifts and rising bond yields could lead to a volatile environment for equities, signaling that the bull market's resilience might be tested by these macroeconomic forces.