Why the alternative to the ‘clear and present’ danger from bond yields is this AI-fueled market that’s quietly outperformed

Why the alternative to the ‘clear and present’ danger from bond yields is this AI-fueled market that’s quietly outperformed Why the alternative to the ‘clear and present’ danger from bond yields is this AI-fueled market that’s quietly outperformed Goldman Sachs head of hedge fund coverage suggests investors look at Japanese stocks as a play on AI as U.S. equities face hurdles. The “clear and present danger” for U.S. stocks is rising 10-year Treasury yields, a threat that’s likely to linger. Tony Pasquariello, global head of hedge-fund coverage for Goldman Sachs, said he’d be placing bets on Japan stocks next.

Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ‘We were wrong.’ Why Morgan Stanley changed its tune on the U.S. dollar — and what it expects now. After capital-markets day flop, Novo strikes licensing deal that sends a Swedish company’s stock soaring Akamai’s stock is surging.

A $12 billion Anthropic deal reveals its powerful edge over cloud providers. The low-key California property portfolio of ‘Wednesday’ star Jenna Ortega Here’s how to position your portfolio for the next AI wave, according to Morgan Stanley Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's premarket coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously.

Follow her on Twitter @bkollmeyer. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.