Major indexes locked in a winning week as the Dow gained +0.9%, the S&P 500 rose +0.5%, and the Nasdaq added +0.4%, primarily driven by a surging tech sector that easily offset a steep slump in energy stocks. Despite a late-week breather that nudged the 2-year yield down to 4.84% and the 10-year to 5.15%, the broader macro picture remains highly unusual: the overall yield curve exploded this week alongside a modest uptick in crypto, a dump in gold, and surprisingly resilient equities. Better-than-expected August durable goods data and a slight upward revision to September consumer sentiment (to 48.1) provided enough fundamental support to help the market push higher, even as analysts fiercely debate whether surging borrowing costs will eventually break this equity momentum or if a multi-asset rally will carry us straight into the end of the year.
Is this rally sustainable, or is the market playing with fire?
Source: [IB Times](https://www.ibtimes.com/bond-yields-keep-climbing-stocks-rose-anyway-major-indexes-closed-winning-week-3807923)