Rising rates may hammer the stock market

The most widely watched gauge of interest rates, the yield on the 10-year Treasury note, hit 1.87% on Tuesday, the highest since January 2020.The big picture:

The growing market weight of Big Tech in indexes like the S&P have tied the fate of the markets to these rate-sensitive giants. Duration is expressed in years — in theory, it's based on how many years worth of dividend payments it would take for investors to recoup their investment. That means a 1 percentage-point increase in rates would be expected to send stocks down nearly 37% — wiping out the gains of the last year and a half.It's important to keep in mind that these predictions are estimates based on Wall Street models, which have a notoriously loose relationship to reality.

Isn't it obvious by now, as their projections miss month after month and they failed to forecast the Great Recession, that most economists are like bad weatherpeople who only get it right every so often? I mean, how many economic messes have they missed or made worse?

I’ll keep listening to Marketplace to learn what’s going on.

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P&G Earnings Top Estimates as Price Hikes Offset Rising Costs, Company Raises 2022 Sales ForecastShares of P&G have climbed 18% in the last 12 months, giving the company a market value of $387 billion. So, 'Inflation Equals Better Earnings for Stockholders Even as Stakeholders Demand Better Wages - Company Believes they can Charge Even More in 2022 forecasting even higher earnings potential' there you go I fixed the headline for you 😉 'We care about our workers so we increased wages!' Translation -- 'we're going to overwork them and f--k the rest of you! 😌'
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Will rising interest rates sink meme stocks?George pearkes, analyst Bespoke Investment Group, joined ThorntonMcEnery on MemeMarkets. Pearkes says the meme stock crowd deserves credit for asking questions, but is worried that they're misunderstanding some of the answers. Watch here:
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