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BK's avatar

Very elegant explanation of how The bond yields effect different stocks.

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Nìck Givanovic's avatar

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Ken's avatar

Thanks Nick. You were the first one that I heard talking about this when growth stocks took off last March.

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Irnest Kaplan's avatar

Super, thank you Nick. Very well explained and great examples used!

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Alexander's avatar

Nick, thank you for sharing your vision of the procces. I cannot post Charts in the comment section. Could you please build the Chart of $ARKK vs US Govt 10 Yield rate from july 2016 untill October 2018. You will see that High Growth Stocks rised with Yields. The context of bigger picture is very important. The stock could be overvalued (like in 2021, thus stock will compete with bonds for BIDS) and undervalued (like in 2016, thus even Higher Bond Yield was not able to compete with Stocks) at the moment of Yield rising. The context will determine the behavior of the stock price as well. Please share you thoughts.

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Nick Givanovic's avatar

Wait for the next part and you will understand how the yield curve triggers moves at different times.

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.nbm's avatar

Great writing & explanation! Never invested in PLTR (please ignore my so-called expertise, but I want to make a point) for several reasons: it never made a profit in its existence; PaaS (people as a service, it sounds funny but it's what they do in corporate contracts), which doesn't sound great; over concentration of portfolio (a risk I didn't want to take); have read the IPO prospect and found it overly arrogant; Government contract (CIA, DoD) was shrinking vs Obama's period, which was strange, with Thiel & Co at a favorable helm; TAM like everything they could have come with, let's be serious about it. But it went up and it was one of the most popular trades. So I must muck my hand. I know you were long. I've seen some exchange between you and Puru Saxena. Well done! Man, I hate growth stocks! :-)

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