Kleintop: If Yields Keep Climbing, Could Hurt Stock Gains

Jeffrey Kleintop breaks down recent international market action, including the Eurozone PMI, which missed expectations. Part of the miss is blamed on tariffs. He also notes a great 1Q earnings season for the Eurozone and an increase in consumer demand. He points to bond market signals to monitor: “if yields continue to climb, it could be an impediment to rising stock prices.” He highlights some areas of the market to watch, including his “New Mag 7” and the financials sector.

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