The Fed's Evaluating of Mega Cap Tech Names

Yields are acting as a catalyst to impede the progress of the equity rally that we've seen so far year to date and potentially initiate some form of a correction. It's actually a welcome opportunity for those that have missed the first half of the year that trade. Collectively overall, you cannot expect to see a rise in a two year yield of nearly 140 basis points over the course of 60 days and not expect that to impact equities overall.