Stocks and Bonds Rally as Oil Pullback Eases War-Fueled Spike

Bullish Gator

Oil pullback eases inflation worries; stocks and bonds rebound while long bonds remain near multi-year highs. Sebastien Page, T. Rowe Price, discusses recent market moves.

Editorial companion

What stands out

Oil's recent pullback did something obvious and underrated: it relieved the market's inflation scaremongers enough that stocks and long-duration bonds could stop running away from each other. Sebastien Page, Chief Investment Officer (CIO) at T. Rowe Price, walked through how a retreat in oil prices and growth worries have left long bonds parked at multi-year highs. For investors this is a live test of whether bond yields or commodity shocks will drive portfolio returns over the next few months.