NewsMV
Oil and bond yields surged last week, reigniting inflation concerns and putting the Federal Reserve's next policy decision back in focus for equity markets. Stocks fell under the pressure.
Two names in the portfolio held their bullish case through the selloff and gave reasons to stay constructive.
When oil and yields move together and amplify the same inflation anxiety, the market's working assumption about the Fed updates fast. Last week, the tape started pricing the Fed's job as unfinished.
The more interesting signal is in the two positions that held up.
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