Thursday Sep 29, 2022
What about profit?
Chief Investment Strategist for IG Wealth Management, Philip Petursson, says, when interest rates were extremely low, profitless tech companies (the “high flyers” of the COVID-19-era) could finance themselves very cheaply, so their lack of profit generation was not a problem. Now, however, with rising interest rates and a slowing economy, profitable companies are massively outperforming these former high flyers.
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