Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility 2021-02-26 17:30:00 Izaac Brook,
Nasdaq 100, Gold, Financial ETF Flows Talking Points:
Nasdaq ETF QQQ sees its largest outflow in a month as investors shied away from tech stocks.
Gold ETF GLD continues to post large outflows as real yields rise.
Financials ETF XLF sees strong inflows in 2021 as rise in yields benefits financial sector. Advertisement
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility
US Treasury yields continued to rise throughout the week, coalescing in Thursday’s highly volatile session. After beginning the day at around 1.4%, the US 10y Treasury spiked as high as 1.6%, crossing the 1.5% estimated dividend yield of the S&P 500 and spooking investors. The S&P 500 fell by 2.5%, the Dow Jones by 1.8%, and the Nasdaq by 3.5%, its sharpest single day decline since October. As investors shied away from tech stoc