• Home
  • Contact Us
  • Privacy & Policy
Monday, May 23, 2022
Finances Advise
No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
No Result
View All Result
Finances Advise
No Result
View All Result
Home Investing

Investors see higher interest rates as the biggest threat to stocks, expect 10-year yield to hit 2%

by admin
March 31, 2021
in Investing
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City.

Spencer Platt | Getty Images

Wall Street investors largely view higher interest rates as the biggest threat to derail the rally in stocks, according to a new CNBC survey. 

As a part of CNBC’s Quarterly Report, we polled more than 100 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the rest of 2021. The survey was conducted from March 22 to March 30.

Nearly half of the respondents said rising interest rates could hurt stocks the most going forward.

About 3 in 10 cited another wave of new coronavirus infections, and 24% said higher taxes would be the biggest hurdle for the market.

The recent sharp rise in bond yields has weighed on stocks, particularly in market-leading growth areas of the market.

The 10-year Treasury yield climbed to a pre-pandemic level above 1.77% this week, touching a 14-month high. The benchmark rate started 2021 below 1%. The swift advance in yields hit high-flying tech stocks hard recently because the group relies on easy borrowing for growth and higher rates erode the value of their future earnings.

More than 60% of the survey respondents believe the 10-year Treasury yield will reach levels higher than 2% by the end of 2021. The rate last traded around 1.73% Wednesday.

Another major risk for the stock market is higher corporate taxes. President Joe Biden is expected to raise the corporate tax rate to 28% to fund a more than $2 trillion package in infrastructure spending, an administration official told reporters Tuesday night.

More than half of the survey respondents said stocks will fall if Biden’s corporate tax hike becomes a reality.

Goldman U.S. equity strategist David Kostin warned investors that Biden’s tax plans could curb S&P 500 per-share earnings by 9%.

Still, many believe the impact from higher taxes should be contained and softened by stronger corporate earnings as the economy recovers from the pandemic-induced recession.

Biden also endorsed upping the top marginal tax rate to 39.6% and taxing capital gains and dividends at the higher ordinary income tax rate.



Source link

Tags: 10yearbiggestExpecthigherhitinterestinvestorsratesstocksthreatyield
  • Trending
  • Comments
  • Latest

A 48-year market vet warns that the Fed will be forced to tighten policy ‘way sooner’ than investors anticipate as inflation continues to soar — triggering a stock market crash of up to 80%

August 28, 2021
27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

August 9, 2021

‘It’s begging to be destroyed’: A stock trader who says he made more than $100,000 shorting the market during the 2008 crash just bet against the S&P 500 — and warns there’s a ‘fair chance’ stocks are about to drop 25%

September 11, 2021

Stocks tanked in the first quarter, and new research shows there should be a reversal by the end of June

April 15, 2022

As number of billionaires climbs, new calls for wealth taxes emerge

0

Uber Hacking: Customers Not at Risk of Financial Crime, Says Minister

0

Black Friday Merchants Look to Extend Moment of Retail Optimism

0

Hotshot Snapchat Founders Face a Dilemma: Lie Low or Live Large?

0

As number of billionaires climbs, new calls for wealth taxes emerge

May 23, 2022
Bangladesh Bank moves to encourage greater flow of remittance to boost forex

Bangladesh Bank moves to encourage greater flow of remittance to boost forex

May 23, 2022

Walmart, Target warnings could mean trouble for financial system, stock market

May 23, 2022

Rich Dad Author Recommends Bunkering Down With Food, Guns, And Bitcoin

May 23, 2022

Recent News

As number of billionaires climbs, new calls for wealth taxes emerge

May 23, 2022
Bangladesh Bank moves to encourage greater flow of remittance to boost forex

Bangladesh Bank moves to encourage greater flow of remittance to boost forex

May 23, 2022

Categories

  • Bitcoin
  • Block chain
  • Business
  • Commodities
  • Ethereum
  • Financial Advisors
  • Forex
  • Investing
  • Litecoin
  • Market Insider
  • Personal Finance
  • Stocks

Site Navigation

  • Home
  • Contact Us
  • Privacy & Policy

We bring the Best and latest Crypto News

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.