US stocks can handle 5.3% treasury yield, but investors need to get selective: Drew Pettit

Drew Pettit, Chief Investment Strategist at Roundhill Investments, says US equities can withstand a 10-year Treasury yield of around 5.3%, but investors are getting close to that level. He says strong earnings growth in the S&P 500 and Nasdaq is helping keep investors in equities even as higher bon…