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That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. The Dow Jones Industrial Average fell 230 points, or 0.7%. Meanwhile, the S&P 500 and the Nasdaq Composite dropped 1.3% and 2.2%, respectively. All three indexes began the day with gains before selling off. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.”
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Streaker.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ
𝕲od's son that named 𝐌𝐚𝐫𝐤 𝐋𝐞𝐞. A man who is known as that long ass ride man from Canada. Affiliated with 𝐍𝐂𝐓 also 𝐍𝐂𝐓𝐳𝐞𝐧𝐬. ㅤㅤㅤ
𝕲od's son that named 𝐌𝐚𝐫𝐤 𝐋𝐞𝐞. A man who is known as that long ass ride man from Canada. Affiliated with 𝐍𝐂𝐓 also 𝐍𝐂𝐓𝐳𝐞𝐧𝐬. ㅤㅤㅤ
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