Since the end of Q3 2020, there has been a marked rotation from 'pandemic stocks' (mainly tech) to 'recovery stocks' (industrials, financials, consumer discretionary, etc.). Many tech stocks - like Amazon, Facebook Netflix, Zoom - are flat-to-down while the broader market hits new all time highs.
Why Have Rising Yields Hurt Tech Stocks?
Why Have Rising Yields Hurt Tech Stocks?
Why Have Rising Yields Hurt Tech Stocks?
Since the end of Q3 2020, there has been a marked rotation from 'pandemic stocks' (mainly tech) to 'recovery stocks' (industrials, financials, consumer discretionary, etc.). Many tech stocks - like Amazon, Facebook Netflix, Zoom - are flat-to-down while the broader market hits new all time highs.