Markets were mixed on Tuesday.
The S&P 500 closed unchanged, the STOXX Europe 600 edged up 0.1 percent and the Nikkei 225 fell 0.8 percent.
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”.
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