Live On Fox Business, Kevin O' Leary Says "Soaring Interest Rates Will Cause Chaos"
Portfolio Pulse from Benzinga Newsdesk
Kevin O' Leary, on Fox Business, expressed his concern that soaring interest rates could lead to chaos in the market.
August 30, 2023 | 3:07 pm
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The SPY ETF, which tracks the S&P 500, could be negatively impacted by soaring interest rates as they can lead to market instability.
Interest rates have a significant impact on the stock market. When rates rise, borrowing costs increase, which can reduce corporate profits and lead to a decrease in stock prices. As SPY tracks the S&P 500, it is likely to be negatively impacted by any market instability caused by soaring interest rates.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75