The stock market, especially Nasdaq-100 Index ($IUXX) names, has been partners with the AI trade for more than 3 years. But recently, the 10-year US Treasury yield is starting to butt in, putting that long rally at risk. And the way the stock market goes, it could get angry quickly. That’s the nature of a high-strung, one-way trade.
Here’s a snapshot of that potential party-pooper. The one who’s moving in on the market’s darling, the Nasdaq-100. It’s the 10-year U.S. Treasury Bond yield, and it is starting to emerge from a multi-month trading range. If that yield continues much higher, it could have 4.8% in its sights.
