Closing Bell Closing Bell Overtime: Yields in Focus As Trump Budget Bill Advances; and Tariff Troubles for Logistics Companies 5/22/25
May 22, 2025
This discussion dissects the latest market actions, highlighting how Treasury yields impact investor sentiments and the tech sector's dynamics. Earnings from firms like Workday and Intuit reveal resilience amidst economic pressures. The Trump budget bill's progression raises intriguing implications for winners and losers in the market. Insight from a logistics CEO sheds light on global trade shifts and supply chain transformations. The analysis also touches on the competitive landscape of retail giants and innovations driving future growth.
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Yields Driven by Fiscal, Inflation
- Rising Treasury yields are driven mainly by concerns over fiscal policy and inflation due to tariffs.
- These factors create headwinds for equities but present mixed influences such as offsets from oil prices and housing.
Equities Over Bonds Despite Volatility
- Equity markets remain more attractive than bonds despite volatility in yields this year.
- Continued economic strength and earnings growth can bring buyers back even if yields rise further.
Corporate Earnings Exceed Expectations
- Earnings reports have largely been positive, exceeding expectations and showing companies managing risks well.
- Corporate America is effectively countering tariffs and inflation through pricing and cost strategies.