Hannah Miao
speaker
241 appearances
5 recordings
1 series
first heard Oct 2022
last heard Aug 2024
Hannah Miao’s voice in public audio — every appearance, attributed to the second.
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Appearances
A lot of that is because the Federal Reserve's interest rate increases this year have changed how investors approach the market.
particularly the technology stock sector and other growthier parts of the market.
Thanks for having me.
For some time, it seemed like tech stocks were among the few ways investors could get growth while the economy was expanding relatively slowly.
And of course, in the last few years, when the pandemic shifted a lot of the world to working online and virtually, these tech companies benefited from that transition and appeared to be somewhat immune to the economic downturn.
And so as these big tech company stocks kept going higher and leading the market, that drew more and more investors in and kept pushing the stocks higher.
There were several disappointing quarterly earnings reports recently that really hit some of the high profile big tech companies.
The market reacted pretty strongly because, in part, people were expecting more resilient results from these huge companies, as some investors told me.
For example, Meta Platforms, which is the parent company of Facebook, reported its second consecutive quarter of declining revenue and warned about rising costs.
And the stock dropped 25 percent the following trading session, which is a really big decline, especially for Meta.
And, you know, like you mentioned, tech stocks have been struggling all year.
And a lot of that is because the Federal Reserve's interest rate increases this year have changed how investors approach the market.
particularly the technology stock sector and other growthier parts of the market.
Yeah.
A lot of these tech stocks are fairly expensive, but investors have been able to justify the higher prices because
the companies forecast big growth in the future.
But when interest rates are higher, that makes future profits appear less valuable.
So it's gotten harder to justify these more expensive stocks.
And plus, the rising interest rates have pushed treasury yields up.
So now investors also have essentially a risk-free way to get higher returns than before.
Showing 161–180 of 241 · page 9 of 13
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