Drew this scenario 6 months ago and sent it to my community members showcasing a possibility of future rates hikes and that is exactly what ended up happening. Additionally, keep in mind that there is always a negative correlation between bond yields and bond prices and when rates go up, the shares 20+ will continue going down. Bond prices will plummet.
Note that I still think inflation will keep getting higher as I believe that only positive real interest rates matter at this stage and nothing else. Small increases will do nothing to inflation.
Note that I still think inflation will keep getting higher as I believe that only positive real interest rates matter at this stage and nothing else. Small increases will do nothing to inflation.