Unstoppable yields - remember what happened last time?
The break out move in yields continues. Believe it or not but the US 10 year is up 20 handles in three sessions. That is "impressive", and it matters...
First big resistance to watch is at 1.55%.
Tech is the pillar of this market and the rate sensitive play.
Technology is 80% bet on rates, 20% on continuation of market share, margin.Last time rates "suddenly" surged 20 bps was back in Feb and it was enough to impact NASDAQ. We doubt NASDAQ can take this move in yields, at least not in the short term.Fade the bounce ()?
First big resistance to watch is at 1.55%.
Tech is the pillar of this market and the rate sensitive play.
Technology is 80% bet on rates, 20% on continuation of market share, margin.Last time rates "suddenly" surged 20 bps was back in Feb and it was enough to impact NASDAQ. We doubt NASDAQ can take this move in yields, at least not in the short term.Fade the bounce ()?