Yulia Slavina

Phil Rosen: S&P 500 rises 13% while 10-year Treasury yield hits 19-year high

Phil Rosen: S&P 500 rises 13% while 10-year Treasury yield hits 19-year high
S&P 500 gains as Treasury yields rise

Phil Rosen highlights that the S&P 500 has gained 13% this year even as the 10-year Treasury yield increased by 100 basis points and now sits at its highest level in 19 years.

This performance signals a strong equity market despite higher borrowing costs reflected in rising yields.

Phil Rosen has recently tracked other notable equity milestones. He reported that the Russell 2000 index gained nearly all of its five-year advance within the past year. Rosen also noted that just 27 S&P 500 firms are trading above 40 times forward earnings, a level last seen during recent market downturns earlier this decade.

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