S&P 500 Bulls Are Not Giving Up Yet – But Rising Oil Prices, Long-Term Yields Rise Are Narrowing The Path Higher
Over the weekend, Yardeni Research said in a post that despite rising oil prices, bond yields, and expectations for a Fed rate hike, the S&P 500 has not reacted sharply to the macroeconomic headwinds. Brent crude futures expiring in November were up nearly 2.4% to trade at $106.97 a barrel, while the U.S. 10-year Treasury … Read more