420 Is Not Just for Weed Smokers and Elon Musk. It’s a Critical Level for the Bond Market and Beloved AI Stocks. Here’s What to Watch.

Group 1 - The term "420" has evolved over decades, now associated with marijuana culture and notable figures like Tesla CEO Elon Musk, who referenced it in a tweet about taking Tesla private at $420 [2] - The current trading price of Tesla (TSLA) is around $450 per share, indicating a significant market valuation [2] - The 10-year U.S. Treasury rate is highlighted as a critical indicator for investors, particularly in relation to stock market performance [3][5] Group 2 - The Federal Reserve's influence on interest rates is often misunderstood; it primarily sets overnight borrowing rates, while the bond market largely determines the 10-year Treasury rate [4] - The 10-year Treasury rate is crucial for stock traders, as fluctuations can impact stock prices significantly [5][7] - High levels of U.S. debt may lead to non-U.S. investors selling their 10-year bond holdings, potentially resulting in higher yields and affecting domestic investors [6]