MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL AND AMZN LONG-TERM
Stocks finished the day down sharply, with the S&P 500 dropping 1.4%. The decline in equities thus far has been driven by a stronger dollar and rising rates on the long end of the curve.
Rates have risen sharply at the back of the curve over the past week, with the 30-yr up more than 20 bps.