rising Treasury yields weigh on sentiment for"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.
"While 'higher for longer' rates are not necessarily an insurmountable obstacle for stocks, certain parts of the equity market are more likely to lag if rates keep climbing," Goldman Sachs chief US equity strategist David Kostin said. "Most notably, stocks with weak balance sheets have generally struggled."
Billionaire hedge fund boss David Einhorn shared his thoughts about why gold has soared this year in his most recent letter to investors.Are Investors Undervaluing Crescent Point Energy Corp. By 46%?
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