Jerry Braakman, Chief Investment Officer and President, stated “what we’ve seen in the past when rates move up either through Fed rate-hike expectations being pulled forward or the 10-year moving up, it seems that tech and some of the growth models get hit more on the valuation side.” In 2022, as the U.S. Federal Reserve is preparing to adjust their monetary policies, we are seeing that many “riskier areas” of the market are winding down.
Read more about how investors and the market will potentially react to the U.S. Federal Reserve’s tightening of their policies in this article by Bloomberg.
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