CHART OF THE DAY: Yields Breaking Out = S&P to All-Time Highs

This chart from today's Early Look by Keith McCullough shows recent spikes in UST 2-year yields and the S&P 500.

U.S. stocks (S&P 500) really liked that Old Wall didn't get the rate cuts they were begging for. Bond yields are breaking out as SPX hits a new all-time high.

WATCH NEXT: WATCH | Free Episode of "The Macro Show" With Our Inflation Outlook ‘Magnificent’ Divergence: TSLA Tanking as NVDA Goes Vertical Win-Win: Our Analysts' Long AMZN + Short AAPL Calls Confirmed

HELPFUL LINKS:

WATCH | Get 10 Stock Picks on The Call @ Hedgeye

Join New Subscriber Orientation

New Conference: Hedgeye Live 2024 May 2-5

Hedgeye University | Become a Better Investor

Hedgeye Education Center | Learn More About Hedgeye