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A comment on Tech giants lost more than $1T in value in the last 3 trading days. Parent comment

Re:Tech giants lost more than $1T in value in the last 3 tra... by leet_thow on Monday May 09, 2022 @08:23PM (#31321743)
Energy, Consumer Staples and Utilities from my research.
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Re:Tech giants lost more than $1T in value in the last 3 tra... by abraxas on Monday May 09, 2022 @11:41PM (#31323177)
Wouldn't utilities (famous for their large dividend distributions) get creamed in a rising interest rate environment?
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Re:Tech giants lost more than $1T in value in the last 3 tra... by toomuchtodo on Monday May 09, 2022 @11:44PM (#31323202)
Electricity and gas are typically non discretionary spending.
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Re:Tech giants lost more than $1T in value in the last 3 tra... by abraxas on Monday May 09, 2022 @11:50PM (#31323244)
No question but utilities' distributions have to compete with higher treasury yields so that would be pushing downwards pressure on their prices.

Actually in a tight money environment I don't really think there is a place to hide. Bonds and stocks are both likely to decline across the board. Cash and gold might be the best refuge.

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Re:Tech giants lost more than $1T in value in the last 3 tra... by toomuchtodo on Monday May 09, 2022 @08:35PM (#31321844)
Also commodities.
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