MacroRisk Advisors Strategist: Fed Rate Hikes Could Trigger 10% Correction in S&P 500

MacroRisk Advisors CEO Dean Curnutt stated that a potential Federal Reserve rate hike cycle could pressure the S&P 500, with a projected market correction of 8% to 10%. Curnutt noted that rising energy costs and recent inflation data have pushed the 10-year U.S. Treasury yield above 5%, leading the market to significantly increase bets on Fed rate hikes.