[Click image to enlarge]

October 24, 2022

Companies that supply goods tend to be more interest rate sensitive, so increases in rates have hurt them more. U.S. stock markets are skewed toward companies that make goods.

However the U.S. economy is primarily a services driven economy.

Source: Torsten Slok

Related Resources

Inflation Is Finally Cooling Off

Inflation Is Finally Cooling Off

Republicans Under Perform in Mid-Terms

Republicans Under Perform in Mid-Terms

Global Energy Prices Collapse

Global Energy Prices Collapse