U.S. stocks’ early-year rally is melting away as Treasury yields surge

day afternoon were pricing in a 24- percent chance that the Fed raises rates by 50 basis points at its March 22 meeting, up from a 0 percent chance a month ago, according to CME’s FedWatch tool.

day that the equity risk premium – or the potential reward that investors gain by holding stocks over bonds – has now fallen to levels last seen in 2007 due to higherThat is a “death zone” that makes the “risk-reward very poor” for stocks, strategist Michael Wilson wrote.impossible to justify with any narrative one wants to conjure up,” Wilson said..

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