Stocks Face Headwinds as Yields Surge, But Data Shows Slowing Economy

Surging yields have driven stocks recently, but may hit resistance as they retreat from highs.

5% yields could cause issues for stocks if sustained, a "line in the sand" for the Fed per BofA.

Recent data shows an easing economy - jobs added but wage growth slowing, inflation cooling in some areas.

Oil above $100 a barrel could send stocks below 4,200 per BofA strategist.

Investors may need recession and Fed cuts to ignite a new bull market.