Yield Surge Puts Logic Behind Stocks Rally to the Test
Equities are showing signs of resilience even as yields jump.
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There are signs that even a surge in bond yields won’t be enough to derail the stocks rally built on AI optimism.
Yes, the S&P 500 dropped more than 1% Friday as global yields jumped, and the market was looking weak again overnight. But index futures have pared their losses in the European day as the bond selloff eased. South Korea’s Kospi index, a barometer of enthusiasm for AI winners, rose today.