HIBL - S&P 500 Earnings Update: Will 2022 Resemble 2018? Inquiring Minds Want To Know

• The rise in the 10-year Treasury yield this week from 2.15% as of Friday, March 18, to 2.49% on Friday, 3/25 was very surprising. That’s a 34 bp increase on the week for the 10-year yield. Stocks didn’t seem to flinch.
• In 2022, the S&P 500 peak was the first week of January ’22 and then we saw the 4,114 S&P 500 tradeable low in late February ’22 and since early March we are now seeing a nice bounce in the indices.
• The jump in the 10-year Treasury yield got my attention this week, while the steady decline in positive revisions for the S&P 500 in the last 6 months was surprising as well.

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