Stock Traders Get Back to Believing Everything Is Just Perfect
- It will take time before rising rates become problematic: BI
- Part of the reason why earnings, market have held up: Hogan
Pedestrians near the New York Stock Exchange on Monday.
Photographer: Gabby Jones/BloombergIn the boardrooms of Corporate America, one big fear has been palpable for more than a year now: That surging interest rates are set to wipe out earnings, cap stock prices and kill off investment.
Yet with the S&P 500 netting its best week since June after a month-long anxiety attack, equity traders are once again shrugging off the highest borrowing costs in more than two decades. A good reason: While interest expenses are on the rise, they remain near the lowest levels since 2009.
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Stock Traders Get Back to Believing Everything Is Just Perfect