Shades of 2018 as steepening yield curve great for banks, not tech

I had some bullish economic thoughts last week. But I also embedded a warning about support for bonds being broken. Yields at the long end of the US Treasury curve are rising, potentially to the top of a range between 1.00% and 1.50% and that's creating an ideal situation for US financials. But, it is toxic to long duration equity plays like tech stocks…

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