to be honest, the S&P up 1% on a day where oil makes a 3 month high is a little weird
but maybe the market has moved on from caring about rising bond yields and oil?feels crazy to think that’s the case but this type of move today in the face of bad macro is either a trap or the market saying it doesn’t care about rate hikes, it cares about earningsand earnings growth is acceleratingSource: amit
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