The Effect of Higher Interest Rates on Stocks

There are two different channels in which they think it might have an impact. One is that a treasury has to issue a bunch of tea bills. That's going to drive up rates yields and driving by driving up yields that's going to The damn risk appetite people going to sell equities, right? This all kinds of people people understand At some level that higher interest rates tends to have a damn any effect on stock not always in many instances where it doesn't But that's a mechanism that people intuitively get but the other one is a lot of people You know they think about the fact they don't think about it as an asset swap.