Tech industry risk appetite is inverse to the prime rate. With rates at near zero, there's going to be lots of growth because, hey free money. As that prime rat

Tech industry risk appetite is inverse to the prime rate. With rates at near zero, there's going to be lots of growth because, hey free money. As that prime rate increases you need a lot better justifications to borrow money for new endeavors. The tech market gets a lot tighter in that case. Inversion means that bondholders value short terms more than long terms. That happens when the future is uncertain. If you think rates will go up substantially in a couple of months it's better to buy the short term bond and then later roll to the long term bond then to buy and hold a long term bond which will increase in yield as the prime increases. (Increasing yield is bad for bond holders).