Below is a chart of the S&P 500 and the yield o
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Below is a chart of the S&P 500 and the yield on the 10-year note over the last 30 years. Although not exact, a correlation between stock prices and interest rates can be seen. Once a scenario for the overall economy has been developed, an investor can break down the economy into its various industry groups.
![spx-rates.gif](http://stockcharts.com/school/data/media/chart_school/overview/spx-rates.gif)
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