🎉The festive spirit is around the corner. On behalf of DoragonLand team, hope you enjoy the Christmas Eve with the ones you love and step into the new year with lots of happiness and good health. Wishing you a Merry Christmas and Happy New Year 2023!
❣️Thank you for all the support from the community and partners over the past year. DoragonLand team will continuously strive to bring the best experience for DORians and partners, as well as work with dedication to come this far and get higher goals in the coming year.
✨Best wishes to you on the occasion of Christmas and New Year! DoragonLand Team.
🎉The festive spirit is around the corner. On behalf of DoragonLand team, hope you enjoy the Christmas Eve with the ones you love and step into the new year with lots of happiness and good health. Wishing you a Merry Christmas and Happy New Year 2023!
❣️Thank you for all the support from the community and partners over the past year. DoragonLand team will continuously strive to bring the best experience for DORians and partners, as well as work with dedication to come this far and get higher goals in the coming year.
✨Best wishes to you on the occasion of Christmas and New Year! DoragonLand Team.
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.
If riding a bucking bronco is your idea of fun, you’re going to love what the stock market has in store. Consider this past week’s ride a preview.The week’s action didn’t look like much, if you didn’t know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
