February 1, 2022
(Barron's) - If bond yields keep rising, tech could keep falling. The Swiss bank advises investors to be strategic about what to buy to take advantage.
Tech investors have been taken on a wild ride, and strategists at UBS suggest they should keep their seat belts fastened despite a moment of relative calm late last week.
The Nasdaq Composite—a proxy for the U.S. tech sector— is down more than 13% so far this year, putting it firmly in correction territory.
By Jack Denton
