As interest rates rise, Talking Numbers contributors Enis Taner and Richard Ross discuss what three stocks you want to stay away from.
Interest rates have climbed to nearly 2.6% on the 10-Year US Treasury bond. This after the Federal Reserve Bank suggests it will taper its $85 billion monthly bond-buying program. Gold and market indices have taken a hit. But, are there particular stocks that are especially vulnerable in a rising interest rate market?
We asked Talking Numbers contributors Enis Taner, Global Marco Editor at RiskReversal.com, and Richard Ross, Global Technical Strategist at Auerbach Grayson, what three stocks investors should avoid as interest rates move up.
To hear the three stocks Taner and Ross say to stay away from, watch the video above.