yield curve

S&P 500 gains 1% while Brent crude surges past $102, but rising yields and narrowing market participation signal tightening financial conditions ahead.

Banks gain from tech rotation and favorable conditions, but large banks trade at premium valuations. Regional banks offer better value with similar tailwinds.

White House urges credit card issuers to lower rates, but legislative action faces banking industry opposition and limited congressional support for rate caps.