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The Bond Market Is Forcing the Fed to Cut Rates. But Wall Street CIO Says “The Semi Trade is Very Much Intact.”
24/7 Wall St.58d agoneutral
The Bond Market Is Forcing the Fed to Cut Rates. But Wall Street CIO Says “The Semi Trade is Very Much Intact.”

Wall Street woke up Monday to a session where the bond market is calling the shots. A stronger-than-expected jobs report and sticky inflation worries pushed Treasury yields higher, forcing investors to rethink expectations for Federal Reserve rate cuts. Yet across a CNBC segment featuring two strategists with very different lenses, their verdict on one corner of the market ... The Bond Market Is Forcing the Fed to Cut Rates. But Wall Street CIO Says “The Semi Trade is Very Much Intact.”

Investing.com59d agoneutral
BTIG’s Krinsky sees ~10% more downside for tech stocks

Investing.com -- The technology sector's momentum unwind has further to run, with BTIG technical strategist Jonathan Krinsky warning of approximately 9%-10% additional downside risk for tech stocks and up to 14% more for semiconductors.