The U.S. stock market is charging higher at an astonishing pace.
Since March, the S&P 500 (SNPINDEX: ^GSPC) had advanced 16%, while closing higher in nine straight weeks
And the Nasdaq Composite (NASDAQINDEX: ^IXIC) has advanced 25%, its largest two-month return since 2002. Yet the stock market is vulnerable. Treasury yields spiked in May as high inflation strengthened the case for interest rate increases.
History says elevated Treasury yields could sink the stock market. Here’s what investors need to know. Investors expect the Federal Reserve to raise interest rates in the next year Oil prices retreated last month over reports that the U.S. and Iran have reached a preliminary agreement for an extended ceasefire.