The light of wisdom is the knowledge which the slave by it, distinguishes between truth and falsehood, Guidance and misguidance, Harm and benefit, Perfection and deficiency, Good and evil, It enlightens by it the stages of actions, The one which is probably more correct and the one which is probably less correct, the accepted and the rejected. Whenever the portion from this light is strong, then the portion of self scrutiny would be more complete and perfect.
_ Madārij- uSsālikīn 1/248 _ Translated by: Abū Juwayriyah Nūruddīn ibn Sulaymān ibn Hārūn Al-'Īdī An-Nījīrī وفقه الله _ Catalogue Previous Next
The light of wisdom is the knowledge which the slave by it, distinguishes between truth and falsehood, Guidance and misguidance, Harm and benefit, Perfection and deficiency, Good and evil, It enlightens by it the stages of actions, The one which is probably more correct and the one which is probably less correct, the accepted and the rejected. Whenever the portion from this light is strong, then the portion of self scrutiny would be more complete and perfect.
_ Madārij- uSsālikīn 1/248 _ Translated by: Abū Juwayriyah Nūruddīn ibn Sulaymān ibn Hārūn Al-'Īdī An-Nījīrī وفقه الله _ Catalogue Previous Next
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.
Among the actives, Ascendas REIT sank 0.64 percent, while CapitaLand Integrated Commercial Trust plummeted 1.42 percent, City Developments plunged 1.12 percent, Dairy Farm International tumbled 0.86 percent, DBS Group skidded 0.68 percent, Genting Singapore retreated 0.67 percent, Hongkong Land climbed 1.30 percent, Mapletree Commercial Trust lost 0.47 percent, Mapletree Logistics Trust tanked 0.95 percent, Oversea-Chinese Banking Corporation dropped 0.61 percent, SATS rose 0.24 percent, SembCorp Industries shed 0.54 percent, Singapore Airlines surrendered 0.79 percent, Singapore Exchange slid 0.30 percent, Singapore Press Holdings declined 1.03 percent, Singapore Technologies Engineering dipped 0.26 percent, SingTel advanced 0.81 percent, United Overseas Bank fell 0.39 percent, Wilmar International eased 0.24 percent, Yangzijiang Shipbuilding jumped 1.42 percent and Keppel Corp, Thai Beverage, CapitaLand and Comfort DelGro were unchanged.
