Opinion: Raising interest rates scares the market, but stock investors focus on the wrong rate

The stock market has been spooked by rising interest rates. Let us reflect more carefully, from the point of view of value investing, on these concerns. Warren Buffett famously argued that investors should think of stocks as “bonds in disguise,” where stocks pay dividends, similar to coupons that bonds pay, and can be valued similarly. … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in financial markets

Trader on the floor of the New York Stock Exchange, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar rose on Friday as investors responded to the Federal Reserve’s signal that its battle with inflation could lead to higher interest rates and a recession. Friday’s selloff was global, in a … Read more