The US rate hike negatively affected the performance of the Nasdaq index in 2022. Do you think the drop in rates has fully discounted expectations of the Fed's intentions? Could the current level of US rates challenge the growth prospects of the most indebted technology companies? Besides rate dynamics, what other variables could affect the index's performance in 2023? Jonathan Curtis, Portfoliomanager at Franklin Templeton, comments:
The technology sector is sensitive to interest rate movements given its higher-than-average growth profile and longer duration of cash flows. To combat inflation, other central banks embarked upon aggressive rate hikes last year, which
The technology sector is sensitive to interest rate movements given its higher-than-average growth profile and longer duration of cash flows. To combat inflation, other central banks embarked upon aggressive rate hikes last year, which
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