Editorial companion

What stands out

Brian Belski’s key point is that rising Treasury yields can be a symptom of stronger economic growth rather than only a threat to equities. He explains how higher yields can coexist with rising stock prices when growth boosts corporate earnings enough to offset the higher discount rates investors apply to future profits. This flips a common headline narrative, yields up equals stocks down, and forces a more nuanced look at whether yield moves reflect healthy expansion or purely tighter financial conditions.