Slide Deepens For Tech Stocks As Yields Rise – OANDA

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OANDA – Tech Slide Deepens As Yields Rise, ADP Impresses, Oil Hangs Onto Gains Post EIA, Gold Rallies On Weaker Dollar, Bitcoin Steadies Q3 2021 hedge fund letters, conferences and more Tech Stocks SlideTech stocks remained under pressure after a robust private payrolls report sent Treasury yields higher. Equity traders are still betting on a strong US economy and that has them rotating out of big-tech and embracing cyclicals. Ahead of what will likely be some rather hawkish Fed minutes, with the exception of the rotation trade, US stocks are struggling for direction. The first half of the yea…

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