Analyst: US Tech Sector Could Benefit If Oil Prices Stabilize
2026-07-15 09:44:45
According to Jin10, Patrick Munnelly of Tickmill Group noted in a report that if oil prices stabilize and investors lower their expectations for Federal Reserve rate hikes, the U.S. technology sector could benefit. Earlier, rising oil prices had led market pricing to reflect a higher probability of Fed rate hikes in the coming months, dampening demand for risk assets. However, he also stated that if energy prices climb further, inflation concerns could intensify, thereby weakening market risk appetite.
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