Lyft Earnings Hit the Skids
Bloomberg Businessweek
00:00
What's Going on in the NASDAQ Stock Market?
David Dees is managing principal, senior portfolio strategist at PPAC Private Wealth Management. He says we're looking at a treasury market that's thinking a little bit different and getting the Fed memo to keep raising rates. As those interest rates go up, the discounting of those earnings to present value really hits the present value hard.
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