The S&P 500 Got Cheaper While It Rallied. Here's What Bond Bears Are Missing
S&P 500 earnings grew 52% in the second quarter while Treasury yields rose past 5%. Why bond yields matter less than the market thinks.
Big companies in the S&P 500 made way more money than expected, even though borrowing costs (bond yields) went up. When a company earns more money, it can be worth more—so rising profits matter more than rising borrowing costs.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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