The correlation between growth stocks, and especially the influential Tech Sector, and bond yields is extremely close although stocks do have a tendency to lag bonds, at this stage, unfortunately, there’s no clear lead being provided by either.
- Investors remain firmly bearish/nervous towards tech stocks after a very tough 2022.
MM remains mildly bullish on US tech into Christmas
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NB When US 10-year notes fall in price their yield rises.
