 Global bond yields moving higher. As inflation concerns heat up, here now is Andres Garcia, CEO of ZoeyFinn.com. Alright, Andres, the tenure. Treasury yield moving up about 2.59 percent. Bond yields in Germany and Japan for government treasuries moving up. Is this investor signaling that inflation is finally starting to come? Yes, I think so. If you look at measures such as industrial capacity, such as the labor market, but not just here, but in Europe and Japan, you're starting to see signs of inflationary pressures. Now, it's key to understand that some inflationary pressures are not a bad thing. They're a reflection of a very strong global economy. What rates don't like is if that inflationary pressure picks up much faster than anticipated. And that's something that we're going to have to continue to watch. Does a potential rise in inflation or rise in yields disrupt the stock market in the sense that people move into stocks because they want yield because of inflation? Or do they move out of the stock market because they can get a decent return in bonds without all that risk? It's a great question. I've done some research on this in the past. It turns out that equities actually do fairly well in rising rates environments. But when rates are starting from very low levels, as they are right now, eventually, if rates start to get above a certain threshold that historically has been around 3%, 4%, then they become actually a negative factor for the equity markets. Why? Because inflation is not just rising from low levels. They're rising from elevated levels. And at that point, it's a situation where growth has stagnated usually, but inflation continues to rise, which is obviously not a great scenario. So far, so good. And even if rates rise from current levels, I think the equity market could still do okay. So how does the Federal Reserve respond? Are we going to get more rate hikes this year? The Fed is telegraphing three, maybe we get four? I think the Federal Reserve has done a great job of doing exactly what they told us they were going to do. You want a boring Fed. I think where the surprises could come from is actually from Japan or from Europe, where there's still a lot more volatility about where they're going to land when it comes to them starting to actually raise interest rates, which is a little bit further out in the future. But remember, when inflation fell a few years ago, the Fed attributed that to the decline in oil prices, and now we're seeing oil prices move higher, so maybe the Fed blames oil again. Yeah, and they use this word, it's basically... Transitory. That's the word, transitory. And they keep saying that, but I think it's hard to avoid the fact that when oil goes up, inflationary expectations go up as well, even if they're long-term inflationary pressures. So I think they're going to have to deal with this issue of, is this just oil this driving, this inflationary pressures, or is there more long-term trends like industrial capacity and a tight labor market that are driving? So bring all this home for investors, because the stock market had its best start to a new year since 1987. So how do you alter your strategy given some of the other forces that we're seeing? It's a great question. You don't. You don't change the strategy because rates rose over the last two weeks. The way that I look at investing is you need to try to just crystallize the present. Just understand what is happening right now. Don't try to predict what's going to happen by the end of the year. Just understanding what's happening now will help you create that plan for your future. And you obviously every year try to make it a little bit dynamic, but don't try to time where rates are going to go. It's very difficult to try to predict that. All right, keep that long-term strategy. Andres Garcia, thank you as always for coming in. Thank you.