Bullish calls on US stocks will be challenged if benchmark Treasury yields hit 5%, a level that usually depresses price-to-earnings ratios, according to Lori Calvasina, head of US equity strategy at RBC Capital Markets LLC.
Lori Calvasina, head of US equity strategy at RBC, says "everybody loves industrials in the US," but warns of the sector being "a bit" overvalued. She speaks on Bloomberg Television.
