Stocks Are Defying Surging Bond Yields. Here's What History Says Could Come Next. — WSJ

By Sam GoldfarbU.S. markets seem a bit off to many observers lately: Bonds are in the grips of a punishing selloff, driving yields to roughly two-decade highs.On the other hand, stocks are doing just fine.The stock market's resilience has been a surprising, and broadly welcomed, subplot in the tran…