Fed Hike, 5% Yields, $100 Oil: Why Wall Street Won't Crack
The S&P 500 remains near record highs despite $100 oil, rising Treasury yields and an expected Fed hike. Ed Yardeni explains why earnings matter.
Even when interest rates go up and oil gets expensive, stock prices stay strong. Smart investors watch company profits, because good earnings can make stocks worth owning no matter what else is happening.
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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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