Why did everyone last year “analysts, redditors, etc ” think that big tech was not a buy late last year? I thought when I bought in sept 2022 that it does not make sense why this interest rate talk would effect literal trillion dollar companies with large amounts of cash, why would rates effect companies like these with no debt? I don’t wanna brag but I bought simply based on this thesis not making sense. I know there’s other factors like consumers having less money to spend when interest rates go up etc. If I am missing something here, please feel free to give your thoughts. Thanks.
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