AT least 2 DEAD in M6.2 earthquake near Indonesia’s Sumatra
A powerful earthquake has claimed at least 2 lives and injured 20 more in Indonesia, damding buildings after striking about 66km from the hillside town of Bukittinggi.
A landslide was also reportedly triggered according to the officials, with effects also felt in neighboring Malaysia and Singapore.
AT least 2 DEAD in M6.2 earthquake near Indonesia’s Sumatra
A powerful earthquake has claimed at least 2 lives and injured 20 more in Indonesia, damding buildings after striking about 66km from the hillside town of Bukittinggi.
A landslide was also reportedly triggered according to the officials, with effects also felt in neighboring Malaysia and Singapore.
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.
The seemingly negative pandemic effects and resource/product shortages are encouraging and allowing organizations to innovate and change.The news of cash-rich organizations getting ready for the post-Covid growth economy is a sign of more than capital spending plans. Cash provides a cushion for risk-taking and a tool for growth.
