Stocks wobbled on Friday as investors were encouraged by a jump in consumer sentiment and a less-bad GDP report, but still remained jittery. Consumer sentiment improved in May to its highest level since last September as expectations for the future surged, but worries about current conditions persisted. Experts weighed in on the these topics and more…
Higher Treasury Rates = 'Green Shoots'
The high Treasury rates and higher oil prices might be additional ‘green shoot’ indicators, said David Dietze of Point View Financial Services. While investors need to be selective, he said multinational companies will benefit from the weaker dollar.
Rising Rates Signals Mending Economy
Mary Ellen Stanek Baird Advisors said the recent rise in interest rates could be a reflection of a mending economy. Other individual bonds have been high for some time, and they “have been very attractive,” she said.