The 10 year treasury yield crept higher towards 1.63% this week and investors remain cautious towards technology stocks. High beta and speculative stocks are most sensitive to rising interest rates because it affects the capital asset pricing model calculations and makes higher market valuations look less attractive. The QQQ NASDAQ 100 ETF remains in the danger zone below its 50 day moving average and only time will tell if this could turn into a deepening correction.

Disclosure There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

Copper Canyon LLC is a State of Florida Registered Investment Advisor. More information can be found about our firm by visiting https://brokercheck.finra.org/ and typing Copper Canyon LLC into the search box.

All information detailed should not be interpreted as investment advice and you should do your own research before making an investment decision. CRD# 286061. Dylan Quintilone CRD#6732024, Paul Clay CRD#7145606.

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