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上半年经济持续恢复、总体回升向好

坚定实施扩大内需战略,把恢复和扩大消费摆在优先位置,积极扩大有效投资
下半年,在扩大内需方面,一是更好发挥消费拉动经济增长的基础性作用。出台实施恢复和扩大消费的政策文件
二是积极发挥投资对优化供给结构的关键作用。民间投资始终是有效投资的重点之一,要明确一批鼓励民间资本参与的重点细分领域,加强民间投资融资、用地等要素保障,支持民间资本参与盘活国有存量资产,促进民间投资逐步恢复

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上半年经济持续恢复、总体回升向好

坚定实施扩大内需战略,把恢复和扩大消费摆在优先位置,积极扩大有效投资
下半年,在扩大内需方面,一是更好发挥消费拉动经济增长的基础性作用。出台实施恢复和扩大消费的政策文件
二是积极发挥投资对优化供给结构的关键作用。民间投资始终是有效投资的重点之一,要明确一批鼓励民间资本参与的重点细分领域,加强民间投资融资、用地等要素保障,支持民间资本参与盘活国有存量资产,促进民间投资逐步恢复

https://bit.ly/3O9AuXc

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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.

Should I buy bitcoin?

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.

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