RE: State of it30 Nov 2021 10:15
My thinking is in a world of rising rates (if you believe inflation is not transitory) I suspect that the high multiple growth stocks will struggle to command these same fwd p/e's we are used to seeing, as the rate of growth will likely be tapered by borrowing costs and lower margins.
Admittedly this isn't on a high multiple, but guess will get sold in-line with the rest of the sector which is unfortunate.