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Benzinga
Benzinga
Business
Rishabh Mishra

HISTORICAL FACTS: Gary black says this could spark strong rally in tech and growth stocks if recession risks stay low - The Untold Story

Gary Black Recession ETF Jeremy Siegel BlackRock
New,York,,Ny,,Usa,-,August,21,,2022:,The,Nasdaq

A drop in the 10-year U.S. Treasury yield below the key 4% level could ignite a significant rally in technology and other growth stocks, according to prominent investor Gary Black.

In a recent social media post, Black suggested that such a move in the bond market would be a powerful catalyst for certain equities, provided the economy is not heading into a recession.

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