CBRE - A small Fed tilt might be just enough for stocks: Sector Watch
The Nasdaq 100 (QQQ) closed higher for the week, despite a big jump in long-term rates on Friday.The 10-year Treasury yield rose 10 basis points to 1.62%.That resilience, and the ceiling for 1.65% on the 10-year, will be tested as the Federal Open Market Committee has its meeting this week.The FOMC will hold a two-day meeting starting Tuesday and Fed Chief Jerome Powell will hold his press conference on Wednesday.Powell's last talk brought a spike in yields, with some arguing that the dovish comments were not enough for the bond market.Bank of America highlights a screen of the S&P 500 stocks with the highest positive interest rate betas to changes in the 10-year Treasury yield over the last 10 years, according to Seeking Alpha's Catalyst Watch.That list of interest rate winners includes Qorvo (QRVO), Live Nation (LYV), Las Vegas Sands (LVS), LyondellBasell Industries (LYB), Equinix (EQIX), United Rentals (URI), CBRE
For further details see:
A small Fed tilt might be just enough for stocks: Sector Watch