Higher yields can be a GOOD THING for investors' portfolios: Empower chief investment strategist

• Investors are 'on edge' due to political headlines and market volatility, but underlying fundamentals remain solid.
• Higher bond yields are seen as a positive for investor portfolios, offering more protection than in previous low-yield periods.
• Upcoming AI IPOs are different from the dot-com bubble, featuring fewer but more established 'mega companies' with strong fundamentals.
• While the recent market rally has been concentrated in semiconductor and 'Mag 7' tech stocks, other sectors like Financials, Energy, and Materials appear undervalued, presenting broader market opportunities.

Marta Norton, Empower's chief investment strategist, advises investors to 'stay calm and cool' amidst market volatility, emphasizing strong fundamentals. She discusses bond yields, AI IPOs, and sector valuations, suggesting opportunities in broader markets beyond the concentrated tech rally.