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Strategies & Market Trends : Market Trends & Market Chatter (Investment Ideas)
TIGR 10.79+2.8%Oct 31 3:59 PM EST

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From: Ms. Baby Boomer1/5/2022 1:45:29 PM
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rdkflorida2

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Great Stock Rotation Has Legs, Wall Street Pros Say...



(Bloomberg) -- Thanks to the new-year bond selloff, Wall Street pros are doubling down on a big stock call for 2022: The leadership of high-growth tech darlings is no more.

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As inflation-adjusted yields rise on conviction the Federal Reserve will tighten policy in earnest this year, Wells Fargo Securities and Morgan Stanley are telling clients to wager against high-flying technology firms that were among the biggest beneficiaries of the low-rate era -- in favor of cheaper stocks that gain from the pandemic recovery.

With the Treasury market this week signaling growing confidence on the business cycle even as the omicron variant spreads, U.S. 10-year real yields rose to -0.98% Tuesday as the nominal benchmark hit 1.65%, its highest level in almost six weeks. Right on cue, the tech-heavy Nasdaq 100 fell 1.4%, while a Wells Fargo basket of software-heavy stocks is already down 6% this week and a basket of companies vulnerable to the virus fallout is up 5%...

Cont'd @ finance.yahoo.com

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