Sunday, June 23, 2024
HomeBusinessBond yields likely bottomed, these hard-hit stocks to rally

Bond yields likely bottomed, these hard-hit stocks to rally

Date:

Related stories

Unlocking Savings with SWiM PAY: Redefining Forex Rates

Dealing with international transactions can be cumbersome with traditional...

Effective Strategies to Teach Your Children About Savings

Teaching children about the importance of saving money is...

Maximize your claim settlement: Hire an injury lawyer in Salt Lake City

Imagine this – You were driving as usual in Salt...

3 Ways in Which Search Engine Optimisation Could Boost Traffic Numbers To Your Website

In the constantly evolving and fast-paced digital landscape at...

[ad_1]

Tom Lee, Fundstrat Global Advisors

Scott Mlyn | CNBC

Strategist Tom Lee told CNBC on Friday he believes Wall Street’s concern over slowing economic growth has likely reached its apex already, setting the stage for so-called epicenter stocks to rally in the coming weeks.

Lee’s comments on “Halftime Report” came one day after the yield on the benchmark 10-year Treasury note fell as low as 1.25%. The 10-year yield, which moves inversely to price, stood around 1.356% Friday afternoon.

“Now we’ve had, I think, a growth scare that really peaked yesterday. I think the headline might have been the Tokyo Olympics,” the co-founder of Fundstrat Global Advisors said, referring to organizers’ decision to ban all spectators at the summer games after Japan declared a state of emergency due to coronavirus concerns. That spooked investors and played a role in the 10-year yield hitting a level it had not seen since February, he said.

[ad_2]

Source link

See also  Eveready posts Rs 442.53-crore net loss in March quarter
Bellie Brown
Bellie Brownhttps://businesstimes.org
Hi my lovely readers, I am Bellie brown editor and writer of Businesstimes.org. I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting Cleartips.net

Latest stories