Rising bond yields have recently pressured stock valuations, but the broader market has not experienced a significant decline. Earnings growth has helped support the market, creating what Jeff Blazek of Neuberger Berman calls a "rare" scenario. The yield increase is attributed to higher oil prices, persistent inflation, and growing government debt. Despite the pressure on valuations, major indexes remain near their summer highs, suggesting a possible quiet deflation of an AI bubble.
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