The stock market is sending Janet Yellen a crucial message

REUTERS/William West If the equitymarket truly believed the Fed's assertion that the economy is strong enough to withstand higher interest rates, it would be fleeing from stocks offering high yields. It's doing the opposite. Companies in sectorsthat serve as bond proxies — telecom, utility and real estate — were the only ones to see net buying last week, along with industrials, according to client data compiled by Bank of America Merrill Lynch. Those flows match a broader market rotation int...