Stock-and-Bond Bottom Feeders Hold on Tight Amid Fed Bullying
- Not surprised by data released or by market’s reaction: Shaoul
- Economic activity and consumer resilience remain robust
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War, soaring energy prices and central-bank badgering may be testing the resolve of dip-buying bulls. But none of that has yet to completely break it.
While this week saw the hottest readings on inflation in four decades, it also featured conspicuous signs of resilience, including a bounce on Wednesday that pushed the S&P 500 up the most since last month. Two-year Treasury yields eased in three of four sessions, while industrial stocks held firm and volatility benchmarks were unmoved.