Wall Street is divided on the big question hanging over the market: Will the U.S. economy narrowly avoid recession or plunge into a messy downturn?
Bond yields, which have been on the rise over the past week, indicate tough times ahead. Meanwhile, the impressive rally in stocks through the first six weeks of 2023 signals the opposite — that equity investors are feeling confident.
Tuesday’s Consumer Price Index reading will go a long way toward settling which camp is on the right track.
