Surveillance: Tech Stalling, says Verrone
Bloomberg Surveillance
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The Importance of the Central Bankers in Determining What Happens Next in Markets
10-year yields have been chopping basically since last October. We're simply running out of real estate on the chart. I think you start pushing above 390, 395 on 10s. That's a big deal for multiples. And Lisa, as you point out, there's been some stalling in tech. The weakness and utilities might be a reflection of where rates may go from here.
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