Stocks have so far survived rising Treasury yields. But that may be about to change.

Investors have seen the stock market weather rising Treasury yields thanks to robust earnings growth, but the trend might soon shift. As bond rates continue to climb, the financial impact could start to weigh on stock prices, signaling a potential change in market dynamics. This shift is crucial because it could indicate a more challenging economic environment ahead, where traditional market stabilizers like earnings growth may no longer fully offset the effects of higher borrowing costs.