⚠️🇺🇸 Euh oh…..Le secrétaire d’État de l’Ohio déclare que Joe Biden ne figurera pas sur le bulletin de vote pour les élections de novembre. Le Parti démocrate a apparemment refusé de se conformer à la loi de l'État exigeant que les deux partis nomment officiellement leur président 90 jours avant les élections. Pas comme si les démocrates avaient une chance en enfer de toute façon…. La Palestine orientale est encore fraîche dans leurs esprits. 💥💥💥
⚠️🇺🇸 Euh oh…..Le secrétaire d’État de l’Ohio déclare que Joe Biden ne figurera pas sur le bulletin de vote pour les élections de novembre. Le Parti démocrate a apparemment refusé de se conformer à la loi de l'État exigeant que les deux partis nomment officiellement leur président 90 jours avant les élections. Pas comme si les démocrates avaient une chance en enfer de toute façon…. La Palestine orientale est encore fraîche dans leurs esprits. 💥💥💥
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.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
