Markets were mixed on Tuesday.
Oil fell. West Texas Intermediate crude fell 2.2 percent while Brent fell 2.4 percent.
US Treasuries were little-changed on Tuesday, with the 10-year yield at 2.378 percent.
However, DoubleLine Capital chief executive Jeffrey Gundlach warned on Tuesday that there will be “trouble for equity markets” if the 10-year Treasury yield moves beyond 3 percent.
Gundlach expects markets to reverse their post-election moves, as does Larry Summers, who described the market rally since Election Day as a “sugar high”.
In contrast, Steve Grasso thinks that there is a “tremendous runway for stocks to move higher”.