Long-term bond yields reached levels not seen in nearly two decades, putting significant pressure on stock markets this week. The S&P 500 fell roughly 1.43% and the Nasdaq Composite lost about 2.05%, snapping their three-week winning streaks. Broadcom shares declined approximately 6.2% for the week following news that rival Marvell secured a partnership with Google to supply technology tied to Google’s TPU ecosystem. In retail, Home Depot delivered its best quarter in five years while Walmart plunged 9% after earnings disappointed. The portfolio maintains its positions in AI and retail stocks despite the current volatility.
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