WS #17047
The 2-year Treasury yield holding near 4.53% and strong Non-Farm Payrolls data are keeping expectations for a December rate hike alive. This macro environment constrains multiple expansion for long-duration assets, particularly in the technology sector. The combination of slowing AI demand and rising rates creates a 'double whammy' for growth stocks, forcing a repricing of valuations across the Nasdaq.
Macro Rate Hike Fears
The 2-year Treasury yield holding near 4.53% and strong Non-Farm Payrolls data are keeping expectations for a December rate hike alive. This macro environment constrains multiple expansion for long-duration assets, particularly in the technology sector. The combination of slowing AI demand and rising rates creates a 'double whammy' for growth stocks, forcing a repricing of valuations across the Nasdaq.