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Pocket Chops @Free iOS Apps
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Free iOS Apps | United States America (US)
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Pocket Chops
⭐️ 4.66667/5
Version : 2.2.0
Size : 50.22 MB
ID : com.Diamond-Paws.PocketChops
OS : 12.0+
Last updated 8 months and 18 days ago
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Free iOS Apps
Pocket Chops
⭐️ 4.66667/5
Version : 2.2.0
Size : 50.22 MB
ID : com.Diamond-Paws.PocketChops
OS : 12.0+
Last updated 8 months and 18 days ago
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hottg.com/iOSAppsFree/11778
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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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