Growth stocks, especially with high valuation multiples are vulnerable to high inflation rates. In order to curb inflation, the central bank raises interest rates which ultimately causes bond yields to rise. This doesn’t bode well for growth stocks.
‘Waterfall’ decline base case risk to US market: Chris Wood
He said April 2-when Donald Trump announced the imposition of tariffs on imports into the US-is an ‘impoverishment’ day, not a ‘liberation’ day, as termed