S&P 500 Hits Record Highs, Dollar Strengthens Despite Rising Yields

US equities continue to set record highs and the dollar has strengthened, defying early-year forecasts of a reversal from US assets. Rising yields have not dampened risk appetite, indicating sustained investor confidence in US markets. The persistence of this trend suggests a robust risk-on environment, though the sustainability of the rally remains uncertain given elevated valuations and yield levels.