Stock Market Investors Get an Urgent Warning From the Bond Market. History Says This Will Happen Next.
Treasury bond yields surged in May as investors priced in possible interest rate increases.
Overview
The U.S. stock market has been rocketing higher despite economic uncertainty created by the Iran war. Since April, the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) have advanced 13% and 19%, respectively, amid a wave of strong financial results.
However, investors got an urgent warning from the bond market last month. The 30-year Treasury yield hit a 19-year high, hinting at potential for steep losses in the stock market. Here are the important details.
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Details
Source
Originally published at www.fool.com.
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