Tech stocks are selling off. Don't buy the dip, sell the bounces, strategist says
Tech stocks are under pressure. Don’t buy the dip, sell the bounces, strategist says MarketWatch 3/8/2021 NEED TO KNOW The U.S. Senate finally passed a $1.9 trillion COVID-19 relief bill over the weekend and stocks are broadly moving higher at the start of the week. Popular Searches However, technology stocks are once again under pressure as bond yields continue to rise — with investors rotating from assets perceived as having stretched valuations. The yield on the 10-year Treasury up 64 basis points this year through Friday, rose 2 basis points to 1.589% on Monday. After its biggest...