Tech Sector Technicals Are Still Challenged

Overall, the tech sector technicals are still challenged, notes Nathan Peterson. He and Cooper Howard preview Jerome Powell's speech on Friday at Jackson Hole. Nathan highlights that with the 10-year move it's hard to sustain bullish momentum. Cooper mentions that investors should consider extending duration and that risk return profile looks attractive. The 10-year treasury yield is up 45% year-over-year. They go over the big picture ahead of Powell's speech. Tune in to find out more about the stock market today.