Tech Earnings a Cushion for US Equity Markets, HSBC’s Kettner Says

HSBC’s Max Kettner said strong tech earnings have made investors care less about higher yields, suggesting resilient profit growth is offsetting rate pressure in markets. The comment points to a more supportive backdrop for tech equities despite elevated yields. The impact is limited to market commentary rather than a new data point or policy shift.

Analysis

HSBC’s Max Kettner said strong tech earnings have made investors care less about higher yields, suggesting resilient profit growth is offsetting rate pressure in markets. The comment points to a more supportive backdrop for tech equities despite elevated yields. The impact is limited to market commentary rather than a new data point or policy shift.