TechFlow news, on July 15, Patrick Munnelly of Tickmill Group pointed out in a report that if oil prices stabilize and investors lower expectations for Fed rate hikes, the U.S. technology sector may benefit from this.
Previously, rising oil prices have prompted market pricing to reflect a higher likelihood of Fed rate hikes in the coming months and weakened demand for risk assets. However, he also stated that if energy prices climb further, inflation concerns may intensify, thereby weakening market risk appetite. (Jin10)
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