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🌟 Are you navigating the tech world like a lost astronaut? 🚀 Join the IT Audit Channel on Telegram! We're the lifesavers in the sea of tech jargon. We simplify IT security, audit, and compliance into snackable content that even your coffee machine could understand. 🤖
👍 Perfect for newbies and tech wizards alike, our channel turns the complex world of ones and zeros into a walk in the park. 🌳
📢 Share this message and help spread the word! Let's make tech talk less of a headache and more of a cakewalk for everyone. Because, let's face it, everyone deserves to talk tech without needing a PhD in Geek. 🎓🍰
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.
Telegram Be The Next Best SPAC
I have no inside knowledge of a potential stock listing of the popular anti-Whatsapp messaging app, Telegram. But I know this much, judging by most people I talk to, especially crypto investors, if Telegram ever went public, people would gobble it up. I know I would. I’m waiting for it. So is Sergei Sergienko, who claims he owns $800,000 of Telegram’s pre-initial coin offering (ICO) tokens. “If Telegram does a SPAC IPO, there would be demand for this issue. It would probably outstrip the interest we saw during the ICO. Why? Because as of right now Telegram looks like a liberal application that can accept anyone - right after WhatsApp and others have turn on the censorship,” he says.
