Beware the Tech Stock Trap. How Bond Yields Can Signal When It’s a Good Time to Buy.

Bond yields are rising—and that could beryllium atrocious quality for Apple and the remainder of Big Tech.

There’s nary question the Nasdaq 100, an scale comprised of large-cap tech companies, has suffered a batch of symptom recently. It dropped 7.7% from its Sept. 7 all-time precocious done Oct. 4, arsenic the 10-year Treasury output surged to 1.61% from a September debased of 1.29%. The yield’s spike began erstwhile the Federal Reserve confirmed it is apt to soon statesman reducing its monthly enslaved purchases—something the disappointing September jobs study is unlikely...