🌴 COMING UP TODAY (إن شاء الله)
1️⃣ Opening Speech — by Shaykh ‘Abdul-Ganiyy ‘Awsāt Al-Jazāiri (حفظه الله)
⏰ 8:00AM (NG) 🇳🇬 | 10:00AM (Makkah) 🇸🇦
📡 Stay tuned @ https://www.tg-me.com/Salafi_Conference_Nigeria
BārakAllāhu fīkum!
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BY Halaqah As-Sunnah 📚
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.
However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
Halaqah As Sunnah from nl