Growth Stocks Soar: 1 Top Canadian SaaS Stock to Buy in April 2021
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Canadian growth stocks bounced back big time on Thursday, as the 10-year U.S. Treasury note yield pulled back by seven basis points.
In numerous prior pieces, I’ve encouraged investors to embrace the carnage in the growth and tech scene by buying the dip and the correction suffered by the growth-heavy Nasdaq 100. I’ve noted that bond yields could retreat just as they could ascend, noting the possibility of reverse rotations from value back into growth. Indeed, we witnessed a huge reverse rotation to end the shorted trading week, as the Nasdaq 100 surged nearly 2%, while the value-heavy Dow Jones Industrial Average inched up 0.5%.