Telegram Group Search
1 Members
Date:
tg-me.com/lilgunner
+
   4.65
7784 Reviews
Posts
993 Posts
Webview


Telegram Group

Date: |

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.

from RU

America/USA US telegram Group & telegram Channel 10

Telegram +

Created: 2021-09-13

From: America/USA and America/USA

Telegram +, 676390 Telegram Group & Telegram Channel America/USA, US

Telegram +, 676390 Telegram Group & Telegram Channel, America/USA,

TG +

https://t.me/lilgunner

Open Telegram

Webview
Telegram Group
Back To Top