f1RST word on the market, october 2023
John Glenn became the first US astronaut to orbit the earth back in 1962 – experiencing a “Zero G” voyage. For the better part of the last quarter century, investors have been operating in a “Zero G” environment of their own. But now that rates are rising, will investors begin to feel the gravitational pull on stock prices? Read on as we discuss whether investors’ attitudes may be shifting back to an environment where gravity matters again. Implications for rates, inflation and stock multiples follow.
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