SCHQ - Stocks Will Lose Patience With Sharply Higher Yields If Bond Bloodbath Continues

How much higher can bond yields go before equities are knocked off their perch?

That's a question that's likely to be on the lips of many market participants in the weeks ahead assuming all signs continue to point to an interim trade agreement between the world's two largest economies.

Over the past two years, investors have received a crash course in the myriad factors that determine how stocks respond to dramatic moves in bond yields beyond the mechanical implications (i.e., beyond what yields say about the relative attractiveness of stocks).

For instance, in August, the

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