U.S. Stocks Surge Amid Rising Bond Yields and Debt Drama!

Hang onto your hats, folks! U.S. stock indices are on a wild ride, defying gravity even as bond yields climb and government debt piles up!

Thursday's market was like a rollercoaster, with the Dow Jones Industrial Average hitting 42,013 points, up a solid 153 points, that's 0.36 percent, baby! The S&P 500 wasn't far behind, popping up 0.31 percent to 5,863 points, and the tech-heavy Nasdaq? It soared 0.59 percent to 21,203 points. Hold tight, it's a thrill ride!

The tech titans Nvidia, Amazon, and Microsoft were the muscle behind the Dow's surge, while Apple took a tiny tumble. It's a mixed bag out there!

Get this: the market's zooming up even as bond yields skyrocket, and they're not pulling in the crowds. Long-term U.S. Treasury yields blasted past 5 percent, with the 30-year bond hitting 5.128 percent. Crazy, right?

Usually, when bond yields climb, cash flows out of stocks as folks chase those sweet, stable returns. But not this time! The allure of Treasuries is fading fast, thanks to the looming shadow of U.S. dollar debt and a federal deficit that just keeps growing.

Are Bonds, or Bitcoin, the Real Safe Haven?

The U.S. fiscal policy scene is more uncertain than ever, especially after those proposed tax cuts by former President Donald Trump that could blow up the national deficit. Add in those sky-high Treasury yields, and the cost to service government debt is gonna spike. Investors are rethinking if bonds are still the safe bet they used to be.

And get this: those soaring Treasury yields are pushing mortgage rates through the roof! As of May 22, the average 30-year fixed mortgage hit 6.86 percent, the highest since February. Ouch! That's gonna hit homebuyers hard and could cool down consumer spending, especially for those with variable-rate loans. It's a tough break!

So where's the smart money going? Into alternative assets like gold and Bitcoin (BTC)! Bitcoin's on fire, jumping 4 percent on May 22 and hitting a new all-time high of 111,970 dollars. Meanwhile, gold took a tiny dip, down 0.49 percent at 3,298 dollars per ounce. It's a wild world out there, folks, and the crypto market is where the action's at!