Wall Street professionals are drawing parallels between current market conditions and the volatile period before the dot-com crash, citing rising bond yields and soaring oil prices. However, they are not advising investors to exit equities. The 10-year US Treasury yield is near 5%, and long bond yields are at their highest since 2007.

Traders expect the Federal Reserve to raise interest rates this week to combat inflation, with West Texas Intermediate crude trading around $100 a barrel. The war in Iran is keeping energy prices elevated, and September is historically a weak month for stocks. Despite these headwinds, the consensus is to remain invested in the market.