Editorial companion

What stands out

David Waddell warned that interest rates and Treasury yields look likely to stay elevated while oil prices rise, but argued corporate earnings should hold up better than many expect. He made a bullish case for software names, naming Palantir and Meta as beneficiaries of resilient revenue and AI-driven demand. The clip is notable because it pairs a macro view, higher rates, with a sector call that depends on sustained earnings and product-driven momentum, a somewhat counterintuitive combination coming from a macro-focused commentator.