Throughout a decade of a sluggish financial system and straightforward financial coverage, progress investing was seen as a pure and easy wager on tech, an business whose growth, in inventory costs and earnings, towered over all others. But after the pandemic-induced growth, software program and web companies noticed their momentum peter out in a local weather of rising bond yields. In the meantime, a provide shock on account of the Ukraine struggle, together with a restoration in international demand, powered commodity costs in a brilliant cycle of types.
