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Rate hikes unlikely to hinder rally in equities: White Oak Capital CEO
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cnbctv18.comEquity markets are unlikely to face any challenge due to rate hikes, believes Aashish Somaiyaa, Chief Executive Officer of White Oak Capital Management.“While the timing is hard to predict, it is probably likely within the next 6 months or thereabouts and I do not see any challenges to equity markets due to rate hikes,” Somaiyaa told cnbctv18.com.“I do not wish to oversimplify and I know there are multiple nuances and cause-effect relationships but rising interest rates are usually one of the signs of economic traction. Especially so when we know rates were cut so sharply purely to provide “life-support” to an otherwise failing economy post the onset of COVID-19 and related economic disruptions.
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