Nasdaq 100 down 1.6% today as 10-year Treasury yields climb to levels not seen since 2006. Oil pushing toward $100/barrel isn't helping either.
S&P 500 just shed $700 billion in market cap in a single session.
When rates spike and energy costs surge at the same time, growth stocks get hit hardest. Tech multiples compress fast when the risk-free rate jumps. Add rising input costs from oil, and margins come under pressure across the board.
This isn't panic selling—it's repricing. The market's adjusting to a world where borrowing costs more and running a business costs more. Simple math.
S&P 500 just shed $700 billion in market cap in a single session.
When rates spike and energy costs surge at the same time, growth stocks get hit hardest. Tech multiples compress fast when the risk-free rate jumps. Add rising input costs from oil, and margins come under pressure across the board.
This isn't panic selling—it's repricing. The market's adjusting to a world where borrowing costs more and running a business costs more. Simple math.
