This will keep a lid on stocks, particularly tech stocks. Anyone see the 10 Year making new highs this year? It will also curb economic growth.
Are you trying to be a professional writer? Today, it moved just a nanometer only! So it is a trivial piece of news. Professional writer writers this way: BREAKING! YIELD UP BY A NANOMETER!!!
The liquidity train is over. The tech trade is on its last days. NVDA needed multiple upgrades to only capture 50% of its loss from 2 weeks ago. Its just a matter of time before the 10 year breaks above the October high of 4.33%. The USD just broke above its 6 month high. More pain for the emerging markets & EAFE.