Why did the technology stocks crashed nearly 20% in the past two weeks? I believe it is likely due to the rising interest rate expectation. How does interest rate affect stock prices? I will explain in this article. The interest rate is often an overlooked factor for stock investors. Many mistakenly think that the interest rate is something that only bond investors or savers should worry about. You couldn’t be more wrong. The fact is, interest rate movement has a profound impact on stock prices too. There is a reason why investment professionals are paying a great deal of attention to the central banks’ interest rate policies. When it comes to stock investing, you often hear people argue about a company’s earnings, future potential, etc. Well, these are important factors. But they have to work in a macro environment. It is like you can drive a Ferrari or a Porche, but in a traffic jam,...