The typical professional investor today has never seen rising rates; here's what they should expect

  • Markets are not prepared for a rising interest rate environment, Fundstrat's Tom Lee warns.

  • The yield on the benchmark 10-year Treasury note — a barometer for mortgage rates and other financial instruments — briefly surpassed 3 percent last week.

  • Despite the rising rates, the Fundstrat team remains bullish. They underscore a number of companies that tend to perform well in rising-rate climates.

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