Kirk W Posted November 23, 2021 Report Share Posted November 23, 2021 Five Things You Need to Know to Start Your Day Quote Ten-year yields rose eight basis points yesterday on Jerome Powell’s renomination, and a market-neutral value strategy duly surged 3% in its best day since March. The Nasdaq was down 1%. Digging deeper: Morgan Stanley basket of profitless tech: -6.5% MS basket of stocks with high enterprise value to sales ratios (mostly software): -5.7% ARK Innovation ETF: -4.2% Breaking down the value gyration, it was less about the long leg surging than the short leg benefiting from the plunge in growth shares. Quote Good travelin !...............KirkFull-time 11+ years...... Now seasonal travelers.Kirk & Pam's Great RV Adventure Link to comment Share on other sites More sharing options...
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