Look closer, and Wall Street’s rally is showing cracks

Despite major stock indexes hovering near record highs, the underlying market is under pressure from elevated oil prices, rising Treasury yields, and a Federal Reserve preparing for more interest-rate hikes. This suggests that the recent rally may not be as robust as it appears, as these economic factors could potentially lead to a more challenging environment for investors. The situation underscores the need for a closer look at the market's health beyond just the headline numbers.