Oil is surging. Bond yields are breaking higher. Stocks are starting to come under pressure.
WTI crude has pushed above US$100, Brent is above US$100, and the US 10-year Treasury yield has climbed above 5% — its highest level in years. At the same time, bond yields across Europe are also rising sharply.
This is a dangerous combination for financial markets: higher oil can reignite inflation, higher bond yields tighten financial conditions, and both can put further pressure on stock valuations.
The S&P 500 and Nasdaq are already drifting lower, while gold is also under pressure.
In this livestream, I’ll break down why all these signals are appearing at the same time, what they could mean for markets next, and what investors should be preparing for.
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