#fedratewatch
Tech Stocks: Near-Term Bearish PressureHigher rates raise discount rates on future earnings, which hits growth and tech valuations hardest. Nasdaq and megacap tech are likely to see short-term pressure, especially rate-sensitive names. A clean 25 bp hike that is fully expected may limit the damage; any signal of a longer cycle would deepen the sell-off.
$AKE
$CROSS
$SYN
Tech Stocks: Near-Term Bearish PressureHigher rates raise discount rates on future earnings, which hits growth and tech valuations hardest. Nasdaq and megacap tech are likely to see short-term pressure, especially rate-sensitive names. A clean 25 bp hike that is fully expected may limit the damage; any signal of a longer cycle would deepen the sell-off.
$AKE
$CROSS
$SYN
