Midweek Bounce After Oil and Yields Stopped Rising. Changes In Character Precede Changes in Trend.

After rising oil prices and Treasury yields pressured equities through the first two sessions of the week, the stock market posted a broad rebound midweek as relative stability in still-elevated crude prices and yields provided a sort of relief rally. Even though oil prices were higher today, the geopolitical chaos calmed after Tuesday’s U.S. strikes…