tg-me.com/sokolovskyinchain/1437
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Durev got a pet? 🐟 👀
BY Sokolovsky inChain / биткоин и криптовалюты
![](https://photo.tg-me.com/u/cdn4.cdn-telegram.org/file/LdR_YdkHNf649vVN5zKkK8d3lDNvSqZrSZStY-jdFwc5FLudpnDh3awbEe_sRroNxzigOME6fhjM7kNzTwuztwo7jFqf3q1fwwu9G2LL4zPB32d85bbWBWwrhP6vyHTTqgc3nPT5RUQ2vbwyn9IY9UULDDbshabJKA0EVjGXYdF6Rfl4D1PsvK3Cvs5MbpB_zM-rjUNrLM-2-0O7REG3eamGFgdPBO7bwNk0fbJdeT6HCYJn9kTHna-h2xlEV_Iq9piFako3uVcck-oVXoMcsE7A5PTw9LCGvAYfM8PxiaVYvSeJzNRV-UIMyIbnedtdSFPCJlFNDFFDxdxhGINslA.jpg)
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tg-me.com/sokolovskyinchain/1437
Durev got a pet? 🐟 👀
BY Sokolovsky inChain / биткоин и криптовалюты
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
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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