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ุณุชุงู† ู„ุจู„ุงูƒุจูŠู†ูƒ

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BY ๐“๐ž๐š๐ค๐จ๐จ๐ค.


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ู‡ูุงุฏูŠู‘ ุจูุณูŽ ุฏูุงุฏููŠู‘ Telegram | DID YOU KNOW?

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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.

Telegram Gives Up On Crypto Blockchain Project

Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durovโ€™s cryptocurrency idea lost steam because of a U.S. court. โ€œThe technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,โ€ he wrote on his channel. โ€œUnfortunately, a U.S. court stopped TON from happening.โ€

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