Two items are dominating the news right now: the rise in interest rates and decline in tech stocks. Are rising rates really an issue for tech stocks? The charts suggest that the evidence is mixed, at best. In fact, it is not very hard to find periods when tech stocks rose along with sharp rises in the 10-year Treasury yield.
And a final note. I like to know the story behind individual stocks: their business, their industry/sector, their growth rates etc… Even so, we have to be careful with narratives because there are dozens of narratives driving stock prices. We cannot be expected to know ALL the narratives and we certainly cannot expect to know THE narrative that is really driving prices. If you are interested in trading QQQ, QQEW and tech stocks, focus on their price individual charts, not the price chart for the 10-yr yield.
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