Rising Bond Yields and the Stock Market “Bond Selloff Deepens After 30-Year Yield Hits Highest Level Since 2004,” declared Bloomberg News last week. CNBC echoed the sentiment with “10-Year Treasury Yield Rockets to 19-Year High.” What’s driving the recent rise in...

The Fed Hikes Rates: What Investors Should Know In his opening remarks in a speech last month at the Federal Reserve Bank of Kansas City’s Economic Symposium, Fed Chief Kevin Warsh said, “(Event) planners have some recreation options lined up for later today. And I'd...

A Hotter August CPI Builds Rate Hike Momentum First, let’s clarify that any attempt to predict the Federal Reserve's actions this week is, at best, an educated guess. Fed Chair Kevin Warsh has struck a hawkish tone, and the odds of a quarter-point increase in the fed...

Reading Signals from the Bond Market Investors can choose fixed-income securities across a wide range of maturities—from bills, notes, and bonds that mature in a few days to those that mature in 30 years. Treasuries are liquid—generally easy to sell—so there’s no rule...

Rising Yields Fail to Derail Stocks This year, the stock market has risen significantly. Lingering worries about oil prices, inflation, the war with Iran, and the possibility of an AI bubble haven’t subsided. But the economy is expanding, corporate profits have been...

All Gas, No Brakes: Profits Soar in Q2 In a solid earnings season, we'd generally expect S&P 500 companies to deliver double-digit profit growth, meaning earnings growth of at least 10% versus a year ago (20% tops). That's not a hard-and-fast rule, but it provides...