Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Why Apple falls when bond rates rise – Higher interest rates make future earnings worth less in the present, and that tends to hit tech stocks the hardest. Higher interest rates make future earnings worth less in the present, and that tends to hit tech stocks the hardest. From Jeffrey Canes Earnings, Schmearnings posted Wednesday to Barrons subscribers: …
