Global markets are shifting into a more selective phase as rising bond yields, sticky inflation concerns, and changing sector leadership reshape investor behaviour, according to strategist Matt Orton from Raymond James Investment in an interview with ET Now.
He said expectations around geopolitical developments, including Iran–US relations, remain uncertain and markets are unlikely to respond meaningfully without concrete progress. He noted that “we are not close to a resolution,” adding that it is difficult for investors to depend on announcements without real evidence of change, and that markets will need “proof of direction” before reacting in a sustained manner.
