Don’t understand the sell-off. US Equities are “correcting” from...

Don’t understand the sell-off. US Equities are “correcting” from an insanely high levels, rate hike negatively impacts these growth equities. EML is still at a level lower than pre-pandemic, poised to benefit from a rate hike, yet it’s sold off. Don’t get me wrong, a massive rate hike would depress recovery and even push the economy into recession. But it does not look like Fed is trying to do that. Looks like another opportunity for funds to add.

FYI, the company launched 22 programmes in December alone. To put into perspective that’s around 8% of their sales pipeline in December alone. You’d be crazy to sell off.