Stocks’ Bond Problem Grows As Traders Fret Over Fed

Stocks have a bond problem. Maybe you noticed. US equities -- and stocks more generally, although at this point to talk about "stocks" is just to talk about US shares -- came into the new week under pressure, and it was no secret why: Rates are raging in the new year. Long-end yields have pressed higher, and an outperforming US economy now threatens to nix additional Fed cuts, at least until the back half of 2025. Equities trading on dot-com-esque valuations appear to have reached a limit with