In brief
Fidelity’s Jurrien Timmer says rising rates could hurt stocks if earnings lag behind.
He says the market is not in a bubble as long as margins and spreads hold up.
High-yield bond spreads rose about 70 basis points from their recent low and then fell.
Read the original story, “Fidelity’s Timmer Warns Rising Rates Could Hurt Stocks Unless Earnings Keep Up,” by Darryn Pollock on fi.beincrypto.com