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Disturbance #95W near 7N 140E strengthened into TD #17W tonight... Convection over its LLCC became more organised during the day...

With adequate outflow and light to moderate easterly shear... 17W is expected to intensify gradually into a TS in the next few days... Conditions seem favourable for further development over the Philippine Sea...

There might be interaction with another low pressure system to the east of 17W... We will be monitoring them closely this week...

(IR from NOAA)

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88 viewsNov 12, 2023 at 14:37

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Create: 2023-11-12
Last Update: 2024-06-07 13:55:51

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Date: 2024-06-07| PTCC

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.