tg-me.com/theferrymanstoll/15034
Last Update:
BY πͺ THE FERRYMAN'S TOLL πͺ
![](https://photo.tg-me.com/u/cdn5.cdn-telegram.org/file/RF19OOGnGpYPHCW-yw547SykPKW70MWIHnLjI282cdj1bBEoCYlhFAjpZbWkNqw5c9ibsSCSqhliqy0ghNoO7YFWlqlpjfPKgT5R0ykO5hpeem11qrC9OcoO_uUegG8Lk0jsjM6fb2qljzn14elJw5jh6_jXHJKDNZtJ2mFl8AKqxL0Ge47sBwmqKU2vhzglmFtqwyA6LL2JcklBZVajl2xdS8FBALYXTLF8EeCvXav8CzKWuu_X1lk-q0eTtiS2rRiBigCiyhcuYGo2sbPnihINK-jTNJHTLilYnkpJqRdwta5R3TSNq8NLr0egH6jwmMU6H3bXHjkR7mh0c2mQ8A.jpg)
Share with your friend now:
tg-me.com/theferrymanstoll/15034
BY πͺ THE FERRYMAN'S TOLL πͺ
If riding a bucking bronco is your idea of fun, youβre going to love what the stock market has in store. Consider this past weekβs ride a preview.The weekβs action didnβt look like much, if you didnβt know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
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.
πͺ THE FERRYMAN& 39;S TOLL πͺ from us