Tomorrow, at 9.00 GMT, worldwide release of the Security Index Yearbook 2024-2025 Vol. 1 Global Digital Edition , will be announced, and readers throughout the globe - including yourselves - will get access to this unique analytical product. As author of the Yearbook idea and its Editor-in-Chief, I am pleased to share with you some of my initial reflections - in a separate post below.
Tomorrow, at 9.00 GMT, worldwide release of the Security Index Yearbook 2024-2025 Vol. 1 Global Digital Edition , will be announced, and readers throughout the globe - including yourselves - will get access to this unique analytical product. As author of the Yearbook idea and its Editor-in-Chief, I am pleased to share with you some of my initial reflections - in a separate post below.
BY Собеседник-на-Пиру
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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.
