Bond yields are rising—and that could beryllium atrocious quality for Apple and the remainder of Big Tech.
There’s nary question the Nasdaq 100, an scale comprised of large-cap tech companies, has suffered a batch of symptom recently. It dropped 7.7% from its Sept. 7 all-time precocious done Oct. 4, arsenic the 10-year Treasury output surged to 1.61% from a September debased of 1.29%. The yield’s spike began erstwhile the Federal Reserve confirmed it is apt to soon statesman reducing its monthly enslaved purchases—something the disappointing September jobs study is unlikely...
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