Quick Market Update | Strong Gyrations In The Market Present Opportunities And Risks

Mar 26, 2021

∙ Paid

Summary

Markets are reacting to the rise in long-term interest rates. Cash flows from companies are discounted back by these rates. As they rise, cash flow value falls.
This is especially acute in the technology sector where valuations are very rich. The interest rate moves has an outsize effect on them because P/Es are so high.
Relative value trades in…