The Resilient Stock Market Is Flashing Warning Signs

The stock market remains close to record highs, with the S&P 500 up about 11.7% year to date, but warning signs are emerging beneath the surface. Downside trading volume on the NYSE has climbed to 54%, while the Russell 2000 is more than 5% below its recent high. The article notes that rising oil prices, higher Treasury yields, and expectations for another Fed rate increase could be putting growing pressure on investor confidence.