Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them

Technical analyst John Roque warns that rising 2-year Treasury yields heading toward 5% pose a significant threat to momentum-driven tech and semiconductor stocks. After extreme valuations and parabolic advances in May-June, chip stocks like Micron, Marvell, and Dell face correction risks. The analyst also cautions on gold, silver, and Bitcoin, citing rising rates as a headwind for these assets.