Geopolitical concerns, rising crude oil prices, and spikes in US treasury yields warrant caution in equity markets, says Akhil Chaturvedi, Chief Business Officer at Motilal Oswal Asset Management Company. While short-term volatility may occur, these concerns are less likely to have a lasting impact on the markets. He also discusses the long-term implications of geopolitical concerns on the commodity cycle, fund selection strategies, expectations from September quarter earnings, the suitability of PSU stocks, and the sectors to watch during the World Cup and festive season.