Surging Bond Yields and Global Economic Uncertainty Spook Markets

• Rising bond yields and inflation fears are rattling stock markets around the world.
• Central banks face pressure to raise interest rates, but risk triggering recessions.
• Oil prices have plunged, providing some relief on the inflation front.
• Jobs data and corporate earnings will help determine market direction going forward.
• Political dysfunction in the U.S. and debt concerns abroad exacerbate volatility.

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