Nominal 10-year US Treasury yields have soared by 50 basis points in the past month, rising from 1.0% at the end of January to 1.5% as of Friday, according to Goldman Sachs. The chart below illustrates why the move was so unusual: it was 2.6 standard deviations above the month-to-month norm.
Goldman's basket of non-profitable tech stocks, which had soared by 204% in 2020 and risen 27% in the first six weeks of 2021, plunged 15% in the last two weeks alone. , both of whom have recently favored some of these long-duration stocks," Goldman's Chief US Equity Strategist David Kostin said in the note. with negative earnings and falling sales in 2020 have stepped back into the spotlight. These stocks have delivered a median year-to-date return of 22%, Kostin said. and pending fiscal stimulus, Kostin advised investors to"balance the appeal of promising businesses with the risk that rates rise further and the recent rotation continues.
I just moved to your city, who wouldn't mind showing me interesting places?