Market Snapshot: Why a spike in the 10-year Treasury yield to 3% won’t be a death knell for stocks

For all the concerns about inflation and rising rates, the bull market won’t have to worry about the Grim Reaper just yet.

It’s been rough patch for stocks with the Dow and the S&P 500 at risk of posting their first monthly loss in a year as investors fret about accelerating inflation and a spike in bond yields. But most Wall Street strategists believe that fears about inflation may be overblown and it will be a while before the 10-year Treasury yield hits 3%—a level that has historically tended to herald a brewing bear market.

“We are in a tricky time with inflation.

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