Wall Street’s crowded chipmaker trade continued to unravel, dragging down stocks on speculation that a surge from this year’s lows has gone too far amid war-fueled inflation risks that have sank bonds.
Omar Aguilar, CEO and CIO at Schwab Asset Management, discusses his outlook on the markets as 30-year yields climb to a level last seen in 2007. (Source: Bloomberg)
Nasdaq 100 Falls on Chipmaker Rout as Yields Rise
Wall Street’s crowded chipmaker trade continued to unravel, dragging down stocks on speculation that a surge from this year’s lows has gone too far amid war-fueled inflation risks that have sank bonds. Omar Aguilar, CEO and CIO at Schwab Asset…
This article was originally published by
Bloomberg Markets
and is republished here under license.
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