Tech Wreck 2.0 resumes - MacroBusiness
MacroBusiness Access Subscriber Only Content at 9:00 am on May 5, 2021 | 6 comments It began in mid-February this year as markets woke with a start to an imminent burst of US inflation. That awakening triggered a back-up in bond yields and the rest follows automatically. Equities were forced to reprice on factors that weighed against growth stocks with long-duration returns in favour of more reliable short-term duration value-stock returns. We saw a reprieve in this trade in April as the bond back-up eased: There are 2325 words left in this subscriber-only article. But last night Granny Yelle...
Source: macrobusiness.com.au