Why The Fed Is Emphasizing The "For Longer" Part Of "Higher For Longer"

The trifecta of higher bond yields, oil, and the dollar strike again, notes Liz Ann Sonders. She talks about how the Fed made some headway emphasizing the “for longer” part of “higher for longer.” She mentions that they can’t yet hang a mission accomplished banner. She discusses that the weakest breadth now resides with the S&P 500, with no sector above 50%. She then goes over reasons for the rise in yields. She outlines what to watch for in the upcoming earnings season, highlighting the differential between nominal and real growth. Tune in to find out more about the stock market today.