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Stocks are facing a familiar problem.
Even as earnings for the first quarter come in better than expected, the market has struggled to climb higher consistently as rising Treasury yields weigh on sentiment for equities, reminding investors of the period in 2023 when higher yields sent stocks crashing.
"Higher rates are now a systemic problem for equities," Piper Sandler chief investment strategist Michael Kantrowitz wrote in a weekly note to clients on Friday.
Kantrowitz pointed to the market...
>>> Read more: The stock market has a 'systemic problem'
Even as earnings for the first quarter come in better than expected, the market has struggled to climb higher consistently as rising Treasury yields weigh on sentiment for equities, reminding investors of the period in 2023 when higher yields sent stocks crashing.
"Higher rates are now a systemic problem for equities," Piper Sandler chief investment strategist Michael Kantrowitz wrote in a weekly note to clients on Friday.
Kantrowitz pointed to the market...
>>> Read more: The stock market has a 'systemic problem'
