So if we see the yield on the 10-year rise back above 1.7%, we might see more pressure on tech-related megacaps and other growth stocks. Meanwhile, investors seem confident in the market given the Fed’s reiterated easy monetary policy stance and the vaccine rollout’s help for the economy. Such a scenario would likely erode the value of growth stocks and push investors more into cyclical stocks that would benefit from gains in the economy. That economic metric probably isn’t as closely scrutinized as consumer price data, but the producer price index is still important to watch. The consumer credit report from the Federal Reserve shines a light on how much revolving credit, such as credit cards, and non-revolving credit, such as car loans, Americans have outstanding.

Source: Forbes April 08, 2021 13:34 UTC