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α‰ α‰³α‹³αŒŠ α‹αŒ‘αˆ› αŠ‘αŒ‹αˆ΅ α‹¨α‰°αˆαŒΈαˆ˜α‹αŠ• α‰ α‰‘α‹΅αŠ• αŠ αˆ΅αŒˆα‹΅α‹Ά αˆ˜α‹΅αˆαˆ­ αŠ₯αŠ“ αŒα‹΅α‹« α‰ αŒ₯α‰₯α‰… α‰ αˆ˜α‰ƒα‹ˆαˆ α‹¨αˆšαŠ¨α‰°αˆ‰α‰΅αŠ• α‰ αŒ‹αˆ« αŠ₯α‹¨αŒ α‹¨α‰…αŠ• αŠ₯αŠ•αŒˆαŠ•αŠ›αˆˆαŠ•!

1. αˆ˜αŠ•αŒαˆ΅α‰΅ α‹ˆαŠ•αŒ€αˆˆαŠžα‰½αŠ• α‰ αŠ αˆ΅α‰ΈαŠ³α‹­ αˆˆααˆ­α‹΅ αŠ₯αŠ•α‹²α‹«α‰€αˆ­α‰₯ፀ
2. α‰ αˆ…α‰₯αˆ¨α‰°αˆ°α‰£α‰½αŠ• α‹αˆ΅αŒ₯ α‰ αˆ΄α‰Άα‰½ αˆ‹α‹­ α‹¨αˆšα‹°αˆ­αˆ± αŒ₯α‰ƒα‰Άα‰½αŠ• αˆˆαˆ›αˆ΅α‹ˆαŒˆα‹΅ αˆ˜αŠ•αŒαˆ΅α‰΅ α‰…α‹΅αˆšα‹« ሰαŒ₯α‰Ά αŠ₯αŠ•α‹²αˆ°αˆ«α€
3. α‹¨αα‰΅αˆ… αŠ αŠ«αˆ‹α‰΅α£ αŠ α‰ƒα‰₯α‹«αŠ αˆ…αŒŽα‰½ αŠ₯αŠ“ αˆ…αŒ αŠ αˆ΅αŠ¨α‰£αˆͺα‹Žα‰½ α‰ αˆ΄α‰Άα‰½ αŠ₯αŠ“ αˆαŒƒαŒˆαˆ¨α‹Άα‰½ αˆ‹α‹­ α‹¨αˆšα‹°αˆ­αˆ± αŒ₯α‰ƒα‰Άα‰½αŠ• α‹¨αˆ΅αˆ­α‹“α‰°-ፆታ αˆ΅αˆœα‰΅αŠ• αŠ₯αŠ“ αŒαŠ•α‹›α‰€αŠ• α‰ αˆ˜α‹«α‹ αŠ₯αŠ•α‹²αˆ°αˆ©α€
4. α‹¨αˆ˜αŒˆαŠ“αŠ› α‰₯α‹™αˆƒαŠ• α‰ αˆ΄α‰Άα‰½ αŠ₯αŠ“ αˆ…αŒ»αŠ“α‰΅ αˆ‹α‹­ α‹¨αˆšα‹°αˆ­αˆ±αŠ• αŒ₯ቃቢች αŠ₯αŠ“ α‹ˆαŠ•αŒ€αˆŽα‰½ αˆˆαˆ˜αŠ¨αˆ‹αŠ¨αˆ αˆ…α‰₯αˆ¨α‰°αˆ°α‰‘αŠ• α‹¨αˆ›αˆ΅αŒˆαŠ•α‹˜α‰₯ ሡራ α‰ α‰°αŠ¨α‰³α‰³α‹­ αŠ₯αŠ•α‹²αˆ°αˆ©

α‰ αŠα‹šαˆ… αŒ₯α‹«α‰„α‹Žα‰½ α‹¨αˆšαˆ΅αˆ›αˆ™ αŠ¨αˆ†αŠ αŠαˆ­αˆ›α‹Žα‰΅αŠ• α‰ αˆ˜αŒαˆˆαŒ«α‹ αˆ‹α‹­ α‰ αˆ›α‹‹αˆ α‹΅αˆα… α‹­αˆαŠ‘!

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α‰ α‰³α‹³αŒŠ α‹αŒ‘αˆ› αŠ‘αŒ‹αˆ΅ α‹¨α‰°αˆαŒΈαˆ˜α‹αŠ• α‰ α‰‘α‹΅αŠ• αŠ αˆ΅αŒˆα‹΅α‹Ά αˆ˜α‹΅αˆαˆ­ αŠ₯αŠ“ αŒα‹΅α‹« α‰ αŒ₯α‰₯α‰… α‰ αˆ˜α‰ƒα‹ˆαˆ α‹¨αˆšαŠ¨α‰°αˆ‰α‰΅αŠ• α‰ αŒ‹αˆ« αŠ₯α‹¨αŒ α‹¨α‰…αŠ• αŠ₯αŠ•αŒˆαŠ•αŠ›αˆˆαŠ•!

1. αˆ˜αŠ•αŒαˆ΅α‰΅ α‹ˆαŠ•αŒ€αˆˆαŠžα‰½αŠ• α‰ αŠ αˆ΅α‰ΈαŠ³α‹­ αˆˆααˆ­α‹΅ αŠ₯αŠ•α‹²α‹«α‰€αˆ­α‰₯ፀ
2. α‰ αˆ…α‰₯αˆ¨α‰°αˆ°α‰£α‰½αŠ• α‹αˆ΅αŒ₯ α‰ αˆ΄α‰Άα‰½ αˆ‹α‹­ α‹¨αˆšα‹°αˆ­αˆ± αŒ₯α‰ƒα‰Άα‰½αŠ• αˆˆαˆ›αˆ΅α‹ˆαŒˆα‹΅ αˆ˜αŠ•αŒαˆ΅α‰΅ α‰…α‹΅αˆšα‹« ሰαŒ₯α‰Ά αŠ₯αŠ•α‹²αˆ°αˆ«α€
3. α‹¨αα‰΅αˆ… αŠ αŠ«αˆ‹α‰΅α£ αŠ α‰ƒα‰₯α‹«αŠ αˆ…αŒŽα‰½ αŠ₯αŠ“ αˆ…αŒ αŠ αˆ΅αŠ¨α‰£αˆͺα‹Žα‰½ α‰ αˆ΄α‰Άα‰½ αŠ₯αŠ“ αˆαŒƒαŒˆαˆ¨α‹Άα‰½ αˆ‹α‹­ α‹¨αˆšα‹°αˆ­αˆ± αŒ₯α‰ƒα‰Άα‰½αŠ• α‹¨αˆ΅αˆ­α‹“α‰°-ፆታ αˆ΅αˆœα‰΅αŠ• αŠ₯αŠ“ αŒαŠ•α‹›α‰€αŠ• α‰ αˆ˜α‹«α‹ αŠ₯αŠ•α‹²αˆ°αˆ©α€
4. α‹¨αˆ˜αŒˆαŠ“αŠ› α‰₯α‹™αˆƒαŠ• α‰ αˆ΄α‰Άα‰½ αŠ₯αŠ“ αˆ…αŒ»αŠ“α‰΅ αˆ‹α‹­ α‹¨αˆšα‹°αˆ­αˆ±αŠ• αŒ₯ቃቢች αŠ₯αŠ“ α‹ˆαŠ•αŒ€αˆŽα‰½ αˆˆαˆ˜αŠ¨αˆ‹αŠ¨αˆ αˆ…α‰₯αˆ¨α‰°αˆ°α‰‘αŠ• α‹¨αˆ›αˆ΅αŒˆαŠ•α‹˜α‰₯ ሡራ α‰ α‰°αŠ¨α‰³α‰³α‹­ αŠ₯αŠ•α‹²αˆ°αˆ©

α‰ αŠα‹šαˆ… αŒ₯α‹«α‰„α‹Žα‰½ α‹¨αˆšαˆ΅αˆ›αˆ™ αŠ¨αˆ†αŠ αŠαˆ­αˆ›α‹Žα‰΅αŠ• α‰ αˆ˜αŒαˆˆαŒ«α‹ αˆ‹α‹­ α‰ αˆ›α‹‹αˆ α‹΅αˆα… α‹­αˆαŠ‘!

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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.

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