S&P 500 Faces a 'Stealth Correction' as Earnings Boom Collides With Rising Yields, Warns Fidelity’s Timmer: Market Is ‘In a Vice'
The S&P 500 is undergoing a “ stealth correction ” as an earnings boom clashes with rising capital costs. Fidelity Investments Director of Global Macro Jurrien Timmer stated these “opposing forces” are holding “equity indices in a vice.” Earnings Boom vs. Rising Yields According to Timmer, trailing earnings per share a