Hedge fund manager warns of dangerous global bond rout's impact on stocks

The intensifying bond rout, characterized by surging bond yields, is creating a "tremendously dangerous" outlook for equities and putting pressure on the global economy, according to David Neuhauser, the chief investment officer of Livermore Partners hedge fund. The era of low interest rates and a bull market in bonds is coming to an end as central banks raise rates to tackle inflation, causing bond yields to rise and increasing borrowing costs. This shift is expected to cause pain for the economy, consumers, and corporates, leading to a downtrend in the economy and negatively impacting the stock market.