Financial services providers usually benefit from a rising interest rate environment due to the positive correlation of their revenues with interest rates. However, financial services stocks SoFi Technologies (SOFI), Marathon Digital (MARA), and BitNile (NILE) are not well-positioned to capitalize on the current rate environment. One should avoid these stocks because of their exposure to risky assets or their fundamental weakness. Read more….
The stock market has been under pressure due to the Fed’s aggressive interest rate hikes. Despite the Fed’s hawkish stance, inflation has persistently hovered around the multi-decade high level.
