Sticky Inflation and Rising Yields: Markets at a Crossroads

Bob Doll reviews the week: modest stock gains, improving breadth, and sector winners in staples, utilities and energy, while technology and industrials lag. His essay "Sticky Inflation Will Eventually Cause More Problems for Markets" argues that rising real yields reflect stronger growth, prompting central banks to keep rates higher. Key takeaways: the U.S. economy is resilient but faces slowdown risks from higher oil, tighter policy and rising yields; large deficits and elevated debt are a concern; bonds and equities look similarly valued and tech concentration is high. Yields may consolidate, but further upward pressure could cause market stresses. For a copy of this week's Doll's Deliberations click on the following link October 12 or go to www.crossmarkglobal.com for additional insight and investment solutions.