Chief Investment Strategist for IG Wealth Management, Philip Petursson, says, when interest rates were extremely low, profitless tech companies (the “high flyers” of the COVID-19-era) could finance themselves very cheaply, so their lack of profit generation was not a problem. Now, however, with rising interest rates and a slowing economy, profitable companies are massively outperforming these former high flyers.
About IG Living Market:
Inflation. Volatility. Bears and Bulls. There’s a lot to unpack in the markets – especially right now. Host Philip Petursson, Chief Investment Strategist at IG Wealth Management, brings clarity to the markets by sharing his views on the trends dominating the investment landscape and how they impact your financial life. Each week, join Philip for a five-minute episode as he breaks down current market trends and navigates “The Living Market”.
Connect with an IG advisor to uncover your personal financial goals, and how you can achieve them.
