WCLD: Brighter Skies Ahead For Cloud Computing, Eyeing A Bullish Q4 Reversal
Just_Super Rising interest rates have hurt many long-duration areas of the stock market. With the 20-year Treasury yield climbing above 5% for a time this week, the cost of capital is simply much more expensive for growth firms. That also results in future cash flows being discounted more steeply. Unprofitable tech and small-cap growth names…