When I entered the asset management arm of my career, I was focused on the bond markets. The process of research and analysis that accompanies the bond market is different than that which covers the stock market. This is because when researching and analyzing a stock one focuses on the fundamentals of the that company, with bonds, the focus is on interest rates and the economic fundamentals are the best source to search for the right investment. Most of the time, bond yields tend to stay relatively lower to modest economic growth and inflation, which has been the case for the last 20 years. But now, as inflation has risen to the concern of the Fed, the impact has been to drive bond yields markedly higher and stocks markedly lower. This is what the Fed has wanted since beginning the fight to end inflation, are they winning?