Research by UBS equity strategists found the S&P 500 starts moving in the opposite direction to inflation expectations when the breakeven rate on the 10-year U.S.
Financials stocks surged this year as longer-dated Treasury yields climbed.
COMMODITY-LINKED STOCKS: Two other cyclical groups, materials and energy, may be better positioned to weather inflation.
Following the consumer price data, the yield on the benchmark 10-year Treasury note rose to its highest level in about a month.