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Higher interest rates to act as a correction for stocks, Goodbody says | Business Post

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Higher interest rates to act as a correction for stocks, Goodbody says. lorcanallen reports.

Joe Gill, director of corporate broking with Goodbody Stockbrokers: markets ‘very choppy’. Picture: Fergal Phillips

Overvalued tech stocks and other asset classes will continue to correct in value this year as interest rates begin to increase from record lows, the head of corporate broking at Goodbody stockbrokers has warned. It comes after an incredibly volatile week for stock markets, as investors weigh up the prospect of rapid interest rate rises in the US this year following comments from Jay Powell, the chair of the Federal Reserve.

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LorcanAllen QE has been criminally propping up failure for 12years now. People are now going to pay with the poorest suffering the real severity of it. Investors Running away from equities to gov? The expected inflation blamed on oil prices and covid! ecb & centralbank_ie are to blame!

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