There's a strong sensitivity now to interest rate increases, and high-priced stocks such as tech stocks are generally more sensitive to that.
More Quotes from Ed Peters:
What if in 20 years we say, 'small schools What was that all about' We're trying to build for a variety of uses because we know it's going to change.Ed Peters
Even the most committed alums say it was an ugly building when it was built.
Ed Peters
There is a push and pull between the people who want to be optimistic about the economy and those who are less so.
Ed Peters
The market's being pulled around by optimism because earnings have been quite good and the economy remains strong, but also the underlying current that that's not necessarily good news for the long term. It just means that the Fed has more reason to raise rates.
Ed Peters
If the Fed doesn't raise rates, it's strictly for morale. Given the recent market swings, they're going to go ahead with the increase. There will probably be two more hikes.
Ed Peters
There was a shot of optimism from the Fed minutes and I think that's what has carried the market through so far.
Ed Peters
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But the issue is not only life and death but our existence before God and our being judged by him. All of us were sinners before him and worthy of condemnation.
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