The combination of higher energy prices and U.S. Treasury yields are seen as “kryptonite for the economy,” worrying stock-market investors, according to Bespoke Investment Group.
“Interest rates and crude oil both act as headwinds to economic growth, so when they’re both rising at steep angles, it should raise at least some level of concern for all but the completely oblivious,” said Bespoke in a note emailed Tuesday. “We were surprised to find that the only period where crude oil and 10-year yields surged right before a...
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