Biotech Values

[10nisman]

It, along with other sectors hit by inflation, may mean less spare cash for luxury/electable items like cosmetic surgery, consumer goods, and new car sales.

The vast majority of homes in the United States either have no mortgage (i.e., owned outright) or have a fixed rate mortgage below 5%.

Fewer people are looking to buy new homes, and that, along with an uptick in loan defaults, may impact banks at some point. So yes, it affects the equity market.

Higher mortgage rates means less economic activity within housing and housing related sectors, however, it also means people will be investing / spending less on housing which gives them more money to spend on other purchases like "cosmetic surgery". To think people are going to give up their "appearance" before other purchases is beyond foolish. The average "cosmetic surgery" consumer is a high net-worth / higher income earner.