In their latest commentary, the Cetera Investment Management Team discusses the recent stock market volatility driven primarily by rising bond yields and a more hawkish Fed. With the move higher in bond yields, expensive high-multiple growth stocks have come under pressure as their valuations are impacted by higher interest rates. Rising bond yields add more uncertainty for investors with both bond and stock markets already possibly priced for perfection.
As always, please reach out to the office if you have any questions.
Rising Bond Yields Pressure Equities
January 19, 2022