To gain an edge, this is what you need to know now.
Dramatic Bond Sell Off
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- There is a dramatic sell off in bonds.
- The yield on 10-year Treasuries is approaching 2.5%.
- 30 year mortgages are approaching 5% when points are taken into account.
- The probability is rising that the Fed may raise interest rates by 50 basis points 3 times in a row.
- Normally tech stocks would have experienced a dramatic sell off due to rising interest rates.
- The chart shows that even though there is selling, tech stocks have held up.