IBKR - Worried About Rising Interest Rates? Buying This Stock Could Make You a Winner
2023-04-22 09:25:00 ET
Over the last 18 months, the Federal Reserve has embarked on the most aggressive campaign to raise interest rates in its history. It's an attempt to cool soaring inflation, which hit a 40-year high in June last year. It appears to be working by all accounts, but not without consequences.
The recent regional banking crisis that claimed SVB Financial , the parent of Silicon Valley Bank, was largely attributed to the rapid increase in interest rates (combined with a helping of management missteps). Plus, tighter financial conditions have sent stock prices and real estate prices lower, and have crimped consumer spending in general, which directly affects businesses.
But there's a serious upside to higher interest rates for the world's largest online investment platform, Interactive Brokers (NASDAQ: IBKR) . I'll share the details and explain why its stock might be a great buy right now.
For further details see:
Worried About Rising Interest Rates? Buying This Stock Could Make You a Winner