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‘Underlying bullish tenor’: U.S. stocks fare surprisingly well as Treasury yields rise after hotter-than-expected inflation, says Morgan Stanley’s Andrew Slimmon

Por: MarketWatch Business February 15, 2023

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While Slimmon thought higher yields would have weighed more on the U.S. stock market in Tuesday’s trading session, he said that overall “I’m not particularly bearish.” That’s partly because he’s not expecting an “economic collapse,” he said, pointing to lagging defensive stocks as a sign of the “underlying bullish tenor” in the market. The U.S. Bureau of Labor Statistics that the consumer-price index rose 0.5% in January for... + full article



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