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Leon Cooperman on what would turn him more optimistic: ‘I am looking for news to get worse.’ - MarketWatch

1. Cooperman is bearish about high stock market valuations. 2. He predicts rising interest rates on the 10-year Treasury. 3. 10-year yield increased by 11.5 basis points amid a weak auction. 4. Concerns raised over high outstanding debt and budget proposals. 5. Market tops signal good news, while bottoms indicate bad news.

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FAQ

Why Bearish?

Cooperman's views on high valuations suggest future downward pressure on equities, potentially increasing bond yields.

How important is it?

Given the focus on interest rates and market valuations, significant movements in TMUBMUSD10Y are likely.

Why Short Term?

The immediate market reaction to rising rates and valuation concerns will likely shape Treasury yields soon.

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