Rising rates and a stronger dollar—two forces that typically pressure equities. Yet stocks are grinding higher anyway. Monthly charts show the momentum.
Classic macro divergence. Either the market is pricing in something the bond/FX markets haven't caught up to, or we're in that late-cycle phase where equity momentum overrides fundamental headwinds. Worth watching how long this setup holds.
Classic macro divergence. Either the market is pricing in something the bond/FX markets haven't caught up to, or we're in that late-cycle phase where equity momentum overrides fundamental headwinds. Worth watching how long this setup holds.