Fidelity’s Timmer Warns Rising Rates Can Hurt Stocks Unless Earnings Keep Pace

Fidelity's Jurrien Timmer warns that rising interest rates can pressure equities unless corporate earnings keep pace, noting that junk bond spreads have jumped. Wider high-yield spreads signal growing credit stress, a condition that has historically preceded risk-asset drawdowns. Crypto traders watch this macro backdrop because tighter credit and higher yields tend to drain liquidity from speculative markets like digital assets.