What's REALLY behind the MM mark downs and drop6 Jan 2022 16:46
Ignore all the BS from the traders and shorters, the MM mark downs across the sector and subsequent drop from hitting stop losses has feck al lto do with AFC, AFC's cash position, AFC's PR, AFC's CEO, AFC's products, AFC's sales or anything else to do with AFC, the REAL cause is in the news for all to see.....
"Tech stocks have sold off around the world after new minutes from the Fed overnight suggesting rates could rise sooner than expected in the US. When America sneezes, the world catches a cold and there are expectations that other central banks could now follow suite."
"Rising rates are bad for high-growth stocks like tech but good for banks. And unlike US markets, which have a large number of tech businesses, London’s stock market relies much more on lenders than it does tech."