Electroneum

Continue to Open

More...

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.

Electroneum Webview

From: France ()

Electroneum TG

Telegram Link: tg-me.com/joinchat-DxoSakHOdk5mqsE-LelfVg

About Electroneum

Created Date: 2021-04-18

Electroneum

Admin Bot Link

https://www.hottg.com/+DxoSakHOdk5mqsE-LelfVg/Electroneum-tg-telegram.html

Electroneum