Wall Street faces a clash between booming technology and energy earnings and a relentless rise in bond yields. One strategist notes that the idea that the AI trade has been mostly immune to rising bond yields isn't quite right.
Wall Street is heading for a high-stakes showdown, as booming corporate earnings for technology and energy firms collide with a relentless rise in bond yields.
Professional analysts expect corporate earnings will continue to soar, driven by the ongoing build-out of the data centers needed to power artificial-intelligence technology.
According to MarketWatch, one strategist notes that the idea that the AI trade has been mostly immune to rising bond yields isn't quite right.
Source: MarketWatch (snippet-based)
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