It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
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About Alex Berenson
Alex Berenson was a contemporary American writer. Alex Norman Berenson is an American writer who was a reporter for The New York Times, and has authored several thriller novels as well a book on corporate financial filings. His 2019 book Tell Your Children: The Truth About Marijuana, Mental Illness and Violence sparked controversy, earning denunciations from many in the scientific and medical communities. Read more on Wikipedia →