Tech Stocks Could Keep Falling. How Bond Yields Can Signal When It’s a Good Time to Buy. – Barron’s

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Bond yields are rising—and that could be bad news for Apple and the rest of Big Tech.

There’s no question the Nasdaq 100, an index comprised of large-cap tech companies, has suffered a lot of pain recently. It dropped 7.7% from its Sept. 7 all-time high through Oct. 4, as the 10-year Treasury yield surged to 1.61% from a September low of 1.29%. The yield’s spike began when the Federal Reserve confirmed it is likely to soon begin reducing its monthly bond purchases—something the disappointing September jobs report is unlikely…