Lower Bond Yields Prevent Further Equity Damage

About this episode

The episode discusses how lower U.S. Treasury yields are supporting risk assets amidst various economic uncertainties.

Stocks were mixed last week as the S&P fell modestly while equal-weighted indexes and many non-U.S. markets outperformed. Big tech weakness—led by a nearly 7% drop in NVIDIA—contrasted with gains in utilities, consumer staples, healthcare, and energy. The episode argues that calmer or lower U.S. Treasury yields have supported risk assets despite AI-driven dislocations, tariff uncertainty, and geopolitical oil-risk. Key risks include sticky inflation delaying Fed easing, tariff developments, and possible Middle East-driven oil spikes; however, while yields remain flat to lower, the risk‑on backdrop is likely to persist. For a copy of this week's Doll's Deliberations, click on the following link March 2 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Topics covered

• bond yields
• equity markets
• risk assets
• inflation
• geopolitical risks

Keywords

• stocks
• S&P
• NVIDIA
• utilities
• consumer staples
• healthcare
• energy

Mentioned in this episode

Places: non-U.S., Middle East

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