Listener Brian asks: Last Monday, the ASX tumbled but there was a lot of talk about "interest sensitive stocks" falling disproportionately relative to the index.
Given that interest rates have started to fall across the globe, and that the RBA's launch on that rate-cutting cycle appears (relatively) imminent, the reaction of the market seems totally counterintuitive (that stocks sensitive to rising interest rates would plummet when rates are about to fall). Why is it so?
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