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Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. β€œWe have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. β€œWe’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.” Anastasia Vlasova/Getty Images "He has to start being more proactive and to find a real solution to this situation, not stay in standby without interfering. It's a very irresponsible position from the owner of Telegram," she said. That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were uglyβ€”and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuableβ€”and many tech companies are valued on the basis of profits forecast for many years in the future. Such instructions could actually endanger people β€” citizens receive air strike warnings via smartphone alerts.
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