Stocks Up, Yields Up

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Brief Summary

The markets are currently in a state of manic euphoria, with the Nasdaq hitting record highs while bond yields creep steadily upward. It is a classic high-wire act where investors are betting that growth can outrun the mounting costs of borrowing and the looming energy crisis.

Why This Matters

When Brent crude nears triple digits, you pay for it in every aisle of the grocery store and at every gas station. Rising yields mean that the cost of your mortgage, credit card debt, and auto loans is destined to get more expensive, effectively eating away at your disposable income while the suits on Wall Street toast to their record-breaking numbers.

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