Wall Street is baffled by the Stock Market

By Eva Szalay and Vildana Hajric

19 Feb 2023 · 3 min read

Editor's Note

Stocks have largely been humming along of late, yet cracks are showing in the equity rally, reports Bloomberg. Stock investors are betting on a Goldilocks-like scenario. But will the move pay off?

The bond market finally got the Federal Reserve's message on rates, while stock investors continue to ignore it, for the most part.

While the mood music soured in the latter half of the week, equities are still largely defying the one thing that has repeatedly proved kryptonite in past rallies: Surging interest rates.

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