After a bullish year of big gains for growth investors, market jitters have set in. The U.S. 10-year Treasury yield recently reached a 52-week high, now sitting above 1.7%. In January 2017, that yield was over 2.5%, and economists are debating whether we’ll soon see a return to those levels.
But despite occasional pullbacks in broader markets, I expect many growth stocks to ride the wave of macrotrends we watched develop over the past 12 months to continue creating shareholder value for many quarters to come.
In the past year, we have seen tech shares take off as digitalization became an indispensable part of our lives. As a result, e-commerce, financial technology (fintech), online streaming and gaming companies have been in the limelight.