Higher bond yields and a strong labor market provide the Fed with several options for the next interest rate decision, notes Omar Aguilar. He and Sébastien Page discuss how investors can plan for volatility. Omar highlights that the bond sell-off and sharp increase in term premiums are headwinds for a soft landing in the U.S. Sébastien highlights his book “Beyond Diversification” and talks about how now is not the time to be a hero: we’re neutral on portfolio risk. He disagrees with the narratives that the job market is softening, that we’ve slayed inflation, and that excess savings are running out. They go over the importance of patience for investors in the current environment. Tune in to find out more about the stock market today.