Amid economic conjectures and rising bond yields, market analyst Marc Chaikin expressed his views on the latest developments in a Thursday appearance on Benzinga’s PreMarket Prep show. Here’s what investors should consider during these uncertain times.

‘Bond Vigilantes Got It Right’: The bond yields are showing indications that they’re not done climbing higher, according to Chaikin, with rates having been above 4% since the end of July.

The bond market is essentially hinting that the economy is too strong for the Fed to consider easing or pausing, Chaikin said. He referenced the latest Fed minutes, and though he remains somewhat skeptical, the analyst acknowledged that the bond market might have read the situation correctly.

“Even the mega-cap tech stocks, like Microsoft and Apple, acted as the canaries in the coal mine,” he said. Noting that both broke below their 50-day moving averages prior to the tech-heavy Nasdaq doing so.

Stocks To Watch: Particularly in the context of the current market pullback, Chaikin shared several sectors and stocks on which he remains bullish.

He also mentioned stocks like FedEx Corp (NYSE:FDX), Caterpillar Inc (NYSE:CAT), and Eli Lilly And Co (NYSE:LLY) would be "buys" on pullbacks.

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