Rising yields aren’t good for higher price/sales stocks

At the time of writing (an hour before Monday’s opening bell), the S&P 500 and Dow Jones Industrials futures are unchanged, but the Nasdaq 100 futures were lower by 0.70%….

one reason is the 10 year bond yield is breaking above some resistance lines. A higher bond yield is negative for high flying growth stocks.

but we need to watch a few other indicators in the coming day or so before calling a 1.65% yield.

September 27, 2021

by Rob Zdravevski

rob@karriasset.com.au