Rampant Big Tech surge dwarfs Fed tapering detour
lobal markets appear unfazed by the US Federal Reserve’s decision to commence with reducing its asset purchases in November, in marked contrast to the taper tantrum of 2013, when markets retreated, and bond yields spiked. Big technological companies added billions in market value in October, while the yield on the US 10-year bond remained stable at around 1.55%. Big Tech shows little fear for any tightening by the Fed. The rest of the market has joined the party. The
