Stock plunge may not end until interest rates stop going up

[Yo_Mama_Been_Loggin]

Stock investors are finally getting a taste of a higher interest rate world, and so far, they don't like what they see.

A rapid snap-up in Treasury yields has triggered the worst week for stocks since just before Donald Trump was elected president, and strategists say the sell off could continue as long as rates make the stock market uncomfortable.

Stocks sold off sharply Friday, capping a volatile week, as rates rose and the dollar strengthened. The Dow closed down 665 points, more than 2.5 percent.

"It's amazing the angst out there," said Bob Doll, chief equity strategist at Nuveen Asset Management. "All along I have said this is going to be a tougher year than last year...you have a sell off and people are just panicky like the world's going to end."

https://www.msn.com/en-us/money/markets/stock-plunge-may-not-end-until-interest-rates-stop-going-up/ar-BBICCaD?li=BBnb7Kz&ocid=edgsp

[msongs]

1. interest rate increase is good for people living on savings and retirement accounts. banks only pay

0.0000000000000000000000000000000000000000000000000000000000001% interest on savings now LOL

[D_Master81]

3. ally bank is doing 1.25% no minimum

i got a heads up on ally after i had been working hard trying to figure out how to get our savings in an account that was like .35% which was like 5 times more than what we had previously been getting.

[MattP]

2. Intrest Rate makes the tax cut even worse

[uponit7771]

4. +1

[Yupster]

5. Interest rates should have been going up for the last 4-5 years

They went down to 0 % in 2008 for an emergency.

The emergency has been over since Obama was elected. Next time we have a bad economy everyone will yell to cut interest rates. How do you cut them if you never raise them back.

Also, savers need to get at least the inflation rate for their savings. Otherwise they're losing money every year by puttiong their money in the bank.