Investors are ignoring a big threat to stocks

• Investors are overlooking the risk to stocks from a sharp rise in real bond yields, Bill Gross says.

• The “Bond King” is skeptical the Fed will achieve 2% inflation and cut interest rates anytime soon.

• Gross warned the US economy relies on asset prices rising, putting it at risk if they don’t.

Investors are shrugging off a key risk to the stock market, and putting too much faith in the Federal Reserve, Bill Gross says.

Yields from 5-year Treasuries have surged from…