Rolling 1-Month S&P 500 Return vs. Z-score of 1-Month Change in 10-Year U.S. Treasury Yields

When U.S. Treasury yields increase too fast, the S&P 500 tends to struggle.

Image: Goldman Sachs Global Investment Research

Rolling 1-Month S&P 500 Return vs. Z-score of 1-Month Change in 10-Year U.S. Treasury Yields