Bitcoin.com News
www_Bitcoin_com29,094 Members
Telegram Link: tg-me.com/www_Bitcoin_com
Update:
Date:
TG 42724, Telegram, cy, CY
Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Telegram Link: tg-me.com/www_Bitcoin_com
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.
cy CY Tg Telegram Group & tg Channel
From: United States America (US)
Bitcoin.com News TG
Telegram Link: tg-me.com/www_Bitcoin_com
Created Date:
Admin Bot Link
https://www.hottg.com/www_Bitcoin_com/Bitcoin+com+News-tg-telegram.html
101 Back To Top