Strategists Say Wall Street’s Wall Of Worry Is Healthy, Not A Warning Sign
Wall Street has absorbed a month of surging oil prices and rising Treasury yields without breaking, but strategists say the market’s resilience should not be mistaken for calm. Oil is up roughly 30% and the 10-year Treasury yield has climbed about 40 basis points in a month, while the S&P 500 remains near June’s roughly 6,720 level, according to BeInCrypto, with investors watching AI spending, the Fed and geopolitical risks. Jim Lebenthal said the flat headline masks a broader rotation into healthcare, energy and financials.
Wall Street has absorbed a month of surging oil prices and rising Treasury yields without breaking, but strategists say the market’s resilience should not be mistaken for calm. Oil is up roughly 30% and the 10-year Treasury yield has climbed about 40 basis points in a month, while the S&P 500 remains near June’s roughly 6,720 level, according to BeInCrypto, with investors watching AI spending, the Fed and geopolitical risks. Jim Lebenthal said the flat headline masks a broader rotation into healthcare, energy and financials.