FOX Business contributor and chief economics correspondent for The Wall Street Journal Jon Hilsenrath argues bond markets don’t show warning signs of inflation.
A growing chorus of Wall Street strategists is warning the U.S. stock market is ripe for a pullback as the COVID-19 delta variant spreads across the globe amid the most difficult two-month stretch for investors.
The S&P 500 has rallied 96% since bottoming on March 23, 2020, booking 61 record highs along the way. The benchmark index has throughout the rally avoided a correction, or decline of at least 10%, which happens an average of once a year.
Ticker Security Last Change Change % SP500 S&P 500 4395.26 -23.89 -0.54%
Strategists are growing more concerned that the elusive pullback is