MRB on Bloomberg And Financial Advisor – June 30, 2023

However, the more important catalyst for growth stocks will be the direction of Treasury yields, according to Phillip Colmar, managing partner and global strategist at MRB Partners.

“The key to a broader participation in the stock rally will be where monetary policy is headed and its impact on bond yields,” Colmar said. If yields break out of their October highs, investors will start getting nervous about tech and growth stocks, he added.

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