Yields Continue to Surge Into Double Digits – Mega-Caps Falter

1:24 p.m. ET If there was one big takeaway from 2022’s bear market, it’s that extremely richly, forward-looking valuations of big Tech and mega-cap stocks, DO NOT like higher yields because it means those valuations have to be discounted. Meta’s earnings have certainly provided a catalyst for the group today to rally and the mega-cap…