IELTS with Khusan
IeltsWithKhusan11,468 Members
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TG 86894037, Telegram, United States America, US
The owner: Khusan Abdumuminov
• Listening 8.0
• Speaking 8.0 three times
• Overall: 7.5
• 3 years of teaching experience
• Taught more than 1000 students
Telegram Link: tg-me.com/IeltsWithKhusan
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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.
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