Cracks are widening in an early-year rally in stocks, as rising Treasury yields bolster the allure of bonds and skew equity valuations. For weeks, stocks have largely withstood a rise in Treasury yields that has come amid signs that the Federal Reserve may have to raise rates higher than expected to cool the economy and […]
U.S. Stocks
Signs of strength in the U.S. economy have buoyed stocks in the face of rising Treasury yields and hawkish Federal Reserve expectations, though some investors believe the rally may be on borrowed time. Stronger-than-expected reports on employment, retail sales and inflation have pushed up expectations for how much higher the Federal Reserve will need to […]
