For a few weeks, the stock market seemed concerned with rising interest rates on bonds. In particular, the 10-year Treasury seemed like it would hit 1.5 percent and havoc would unleash.
1.5 percent was hit. And now yields are closer to 1.6 percent. That’s still not a huge return for giving Uncle Sam your money for 10 years. In fact, with inflation expectations still at or over 2 percent, it seems like a guaranteed loss. Yet outside of tech stocks, the market doesn’t seem to fazed… as though the market is starting to rotate out of high-flying tech and into relative underperformers in the value space right now.
Are value stocks a better buy here, or do tech companies look like the better play following their steep drop?
Hit reply and let us know your thoughts.
Now here’s the rest of the news:
Stagflation Subterfuge: The Real Disaster Hidden by the Pandemic
Brandon Smith of Alt-Market.us argues the Federal Reserve intends to destroy the American economy, using the pandemic as an excuse to advance a shadowy globalist agenda… [Read Here]
March 09, 2020
Have you ever heard the expression, “between a rock and a hard place”? That’s what the market is up against. The bond market is pricing in the next recession, while economic data have investors wondering how much worse things can get.
For now, it appears that stockholders are taking the wait and see approach last week as the S&P 500 was able to hold on to its $2900 support and the jobs report showed tremendous resilience by adding 273,000 jobs. I can’t wait to see what wonders this week holds for investors.
“Living for other people’s expectations guarantees you’ll fall short of your own.” –Marie Forleo
March 09, 2019
When you don’t finish a job at work, you’re lazy.
When your boss doesn’t finish a job at work, (s)he’s too busy. 😉