Thank you very much to [ @OFCEDDERKOP ] has been willing to be a ๐๐๐๐ ๐๐๐๐๐ in our theme party โ 30๐๐ต ๐๐ฒ๐๐๐ฒ๐ฟ ๐๐๐ถ๐น ๐๐๐ฒ๐ป๐ ๐ข๐ฟ๐ด๐ฎ๐ป๐ถ๐๐ฒ๐ฟ ๐ ๐ฒ๐ป๐๐ถ๐๐ฒ๐ฟ๐๐ฎ๐ฟ๐ ๐ง๐ต๐ฒ ๐ช๐ถ๐ป๐๐ฒ๐ฟ ๐ง๐ถ๐ด๐ฒ๐ฟ ๐ฃ๐ฎ๐ฟ๐๐ โ
Thank you very much to [ @OFCEDDERKOP ] has been willing to be a ๐๐๐๐ ๐๐๐๐๐ in our theme party โ 30๐๐ต ๐๐ฒ๐๐๐ฒ๐ฟ ๐๐๐ถ๐น ๐๐๐ฒ๐ป๐ ๐ข๐ฟ๐ด๐ฎ๐ป๐ถ๐๐ฒ๐ฟ ๐ ๐ฒ๐ป๐๐ถ๐๐ฒ๐ฟ๐๐ฎ๐ฟ๐ ๐ง๐ต๐ฒ ๐ช๐ถ๐ป๐๐ฒ๐ฟ ๐ง๐ถ๐ด๐ฒ๐ฟ ๐ฃ๐ฎ๐ฟ๐๐ โ
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
๐๐๐๐๐๐ ๐๐๐๐๐ชป โธฌ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ from us
