Shares of Snowflake (SNOW 12.37%), Shopify (SHOP 7.47%), and Palantir (PLTR 4.99%) each surged this week, with shares climbing 19.9%, 14.8%, and 14.8%, respectively, by the end of trading on Thursday.
The increase was the result of two things. First, long-term bond yields fell this week, along with commodity prices. These indicators suggest an economic slowing or even a recession, which could mean red-hot inflation could be on the brink of cooling down. An economic slowing is actually somewhat bullish for high-growth stocks like these three since a lower long-term discount rate would benefit stocks with earnings well out into the future.