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⬫ β€Ί ΨΉΪ©Ψ³ Ω‡Ψ§ΫŒ ΨͺΨ§Ψ²Ω‡ Ω…Ω†ΨͺΨ΄Ψ± Ψ΄Ψ―Ω‡ Ψ§Ψ² Ϊ©Ω†Ψ―Ψ§Ω„ و Ϊ©Ψ§ΫŒΩ„ΫŒ Ψ―Ψ± Ω…Ψ±Ψ§Ψ³Ω… Ψ¨Ψ±Ω†Ψ― Ω†ΩˆΨ΄ΫŒΨ―Ω†ΫŒ "818" و "Sprinter" Ψ―Ψ± Ω„Ψ§Ψ³ وگاس🍹🍸

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π‘²π’šπ’π’Šπ’† 𝑱𝒆𝒏𝒏𝒆𝒓 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.

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 Brothersβ€”or maybe the next Silverado?β€”echoed through the canyons of Wall Street as investors prepared for the worst.

π‘²π’šπ’π’Šπ’† 𝑱𝒆𝒏𝒏𝒆𝒓 from hk


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