Rising oil prices have been driving inflation expectations higher, and the bond market is closely watching crude prices, as is the stock market."It seems like oil north of $100 has some staying power," BMO's Jeffery said.
"It's just a barometer for those other things — the Ukraine conflict, inflation and the Fed," he said. Arone said stock market fundamentals are better than some investors expect. When inflation rises, topline revenues can also go higher.
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