Beware the Tech Stock Trap. How Bond Yields Can Signal When It’s a Good Time to Buy.

Bond yields are rising—and that could be bad news for Apple and the rest of Big Tech.

There’s no question the Nasdaq 100, an index comprised of large-cap tech companies, has suffered a lot of pain recently. It dropped 7.7% from its Sept. 7 all-time high through Oct. 4, as the 10-year Treasury yield surged to 1.61% from a September low of 1.29%. The yield’s spike began when the Federal Reserve confirmed it is likely to soon begin reducing its monthly bond purchases—something the disappointing September jobs report is unlikely…