Generally speaking, rising interest rates are worse for borrowers than falling interest rates. That’s not news to anyone.
For those sitting on a lot of cash, rising interest rates can be welcome news, as they mean more interest income.
Even if you are a net borrower, falling rates might be a bad thing, because they may be a symptom of bigger problems in the economy.
All that’s to say there’s more to the story than “high interest rates are bad for stocks.”
Consider the following three charts.
