Jay Mehta breaks down why stocks moved lower after Nvidia (NVDA) earnings as bond yields reached 16-month highs. He explains the risks of a "mini stagflation" environment and why investors should focus on the long-term cycle. Jay also points to housing as a bright spot while yields continue to surge. Jay Mehta breaks down why stocks moved lower after Nvidia (NVDA) earnings as bond yields reached 16-month highs. He explains the risks of a "mini stagflation" environment and why investors should focus on the long-term cycle. Jay also points to housing as a bright spot while yields continue to surge.