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Rising bond yields give investors a chance to buy beaten tech stocks – The Australian Financial Review

Misplaced worries over inflation open the door for equity investors to take advantage of falling tech stock prices, according to UBS.



Worries about inflation are misplaced, according to Pieter Stoltz, head of equity strategy for UBS in Australia, and, combined with the fall for tech stocks, present a chance for investors to buy.
We think the risk of an inflation outbreak is low, Mr Stoltz said, pointing to the winding down of some of the government support measures, such as JobKeeper, which ends this month.
Without continuous fiscal stimulus I dont see how well get rampant inflation, he said.
The yield on the 10-year Australian…

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