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[$$] Record-setting US stocks ignore yield curve’s red flag
, as a number of key benchmarks approach the end of August in record territory. The buoyant tone for stocks also reflects the failure of 10-year Treasury yields to sustain a rise above 3 per cent. In mid-May, the 10-year climbed above 3 per cent for the first time since late 2013 and briefly weighed on stocks. “The recovery to January’s highs was driven by ~25% earnings growth in 1Q and 2Q, subsiding inflation concerns, low yields and a willingness to worry about trade late,” notes David Bianco at DWS.
https://finance.yahoo.com/m/3306af7.../[$$]-record-setting-us-stocks.html?.tsrc=rss
, as a number of key benchmarks approach the end of August in record territory. The buoyant tone for stocks also reflects the failure of 10-year Treasury yields to sustain a rise above 3 per cent. In mid-May, the 10-year climbed above 3 per cent for the first time since late 2013 and briefly weighed on stocks. “The recovery to January’s highs was driven by ~25% earnings growth in 1Q and 2Q, subsiding inflation concerns, low yields and a willingness to worry about trade late,” notes David Bianco at DWS.
https://finance.yahoo.com/m/3306af7.../[$$]-record-setting-us-stocks.html?.tsrc=rss
