Tech Wrecks As Yields Breakout
10Y Yields topped the March 5th highs…
And 30Y has broken out…
And that triggered selling long-duration growth-tastic stocks, sending Nasdaq notably lower…
And more rotation into value as the Dow and Small Caps jump…
And the correlation between bonds and stocks remains extremely high and extremely unusual…
That won’t help the asset-allocators?
Tyler Durden
Fri, 03/12/2021 – 11:05
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