NQHigh oil prices and a rising 10Y yield haven't stopped Nasdaq futures from making a new all-time high. But under the surface, it's mostly the heavily weighted large caps driving the index to record levels, while plenty of rate-sensitive names are still struggling.
So during a high-rate period like this, it makes sense to stick with top large-cap growth tech names that carry little debt and hold a lot of cash. Once inflation and rates start to fade, that's when beaten-down high-growth rate-sensitive stocks could get more interesting.
$Invesco QQQ(QQQ)$ $ProShares UltraPro QQQ(TQQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Roundhill Memory ETF(DRAM)$
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