Nasdaq Tumbles Into Red Post-Trump As Bond Market Crashes

It appears the growthiness of the new regime is not so friendly to FANG stocks and big tech as the Nasdaq just gave up all its gains post-election.While tech is the biggest loser in stock land, it's the bloodbath in bonds that is most worrisome as 30Y yields spike another 10bps today..

Nasdaq is the biggest loser post-Trump...

 

As FANG stocks slump...

 

But it is the bond bloodbath that is really notable...

In yield terms...

 

And in price terms...

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