Michael Nagle | Bloomberg | Getty Images
The recent rise in interest rates could be a signal to move into value stocks, according to Credit Suisse. The benchmark 10-year Treasury yield was rising back toward the 1.5% level after breaking through that level last week. The measure was trading below 1% at the start of the year, making this an unusually sharp rise, fueling some concern about a rise in inflation during the economic recovery from the pandemic.
Inflation and rising rates are seen as a negative for many stocks because they can make higher valuations seem less attractive, and "the valuation of growth relative to value is clearly extreme," according to Credit Suisse's Andrew Garthwaite.
thanks
Recently my friend's baby was diagnosed with acute lymphocytic leukemia & needs a stem cell transplant. Jason & his wife are first-time parents caring for a sick baby & could use some help. If you are in a place to donate or share, it would be appreciated.
Pro horrible
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »