Stocks Sense Trouble, Even Though the Economy Is Strong
Rising yields have put a damper on the stock market. But for now, household wealth is offsetting monetary tightening.
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Rising yields have put a damper on the stock market. But for now, household wealth is offsetting monetary tightening.
Strong earnings and reduced valuations could propel tech stocks higher, lifting the broad market in the seasonally strong fourth quarter.
Labor strikes suggest workers are pushing for greater pay gains than those reported for September. That’s an issue for the Fed.
The 10-year Treasury yield just breached 4.50%. Some market strategists see yields north of 5% coming into view.
The consumer’s health has rarely been better, despite lousy sentiment readings, And equities have rarely been pricier relative to Treasury yields.