Wells Fargo's Harvey on the Treasury Yield Rally

The video discusses the current state of U.S. Treasury yields and their impact on equities, highlighting a potential near-term top and the implications for tech and growth companies. It examines the effects of inflation data and fiscal policy, particularly the infrastructure program, on market dynamics. The conversation shifts to market rotation from growth to value, emphasizing strategic positioning and the importance of a defensive stance. Finally, it addresses market volatility, suggesting that higher volatility levels are expected to persist.

What does the speaker suggest about the Fed's narrative and its impact on the market?

How does the speaker view the rotation from growth to value stocks?

What is the expected trend for volatility in the market as discussed in the text?