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Descente aux flambeaux @Stéphane Ravier

Stéphane Ravier | United States America (US)

Create: 2025-06-23 Update: 2025-07-16 20:36:59

Descente aux flambeaux, grande cavalcade, loto...
La Saint Éloi est la dernière grande fête traditionnelle de Marseille et c'est à Château-Gombert que cela se passe chaque année 🔥
Fier d'y être, aux côtés de ceux qui font vivre l'âme de notre ville.

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Stéphane Ravier

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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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