10-year treasury just blew past 5% and markets are absolutely shitting themselves rn

This is what happens when bond vigilantes wake up — everything gets repriced. Risk assets? Getting wrecked. Growth stocks? Bleeding. Crypto? Well you already know

Higher yields = higher discount rates = your future cash flows are worth less today. It's that simple

The real question: is this the new normal or does Powell blink first? Because if yields stay here, we're in for a rough ride across the board

Buckle up 📉