Growth stocks are affected too as rising long-bond rates mean the discount rates used to value them increase with the result that the net present value of future cash flows several years out is significantly reduced. Cyclicals are less affected as the market doesn't look at cash flows further out than a couple of years when valuing them.
Growth stocks are affected too as rising long-bond rates mean...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)