Investor Says Rising Yields Are Hitting Growth Stocks as $SPY and $QQQ Look Stable, Keeps Adding in Space, AI...

Rising yields are hitting growth stocks whose biggest profits are still years away, and the most frustrating part is that $SPY and $QQQ look relatively stable even as individual names have already gone through brutal valuation resets.
That's why this investor is still selectively adding across Space, AI Power, Robotics, and Drones, because a lot of these businesses continue getting stronger even as their valuations fall, and they believe these are exactly the periods when some of their best portfolio decisions get made.