At the time of writing, the "mother of all equity indices," the S&P 500 Index, is down a significant 4% from its early April peak. This downturn is partly driven by escalating tensions in the Middle East.
Of course, this in itself isn't something to cheer about. However, there's another critical reason why stock prices are under pressure. Interest rates are inching closer to 5%, entering what many consider the danger zone.
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