Whatever the case, the dramatic rise in interest rates in 2022 had a meaningful impact on growth-oriented portfolios. Investors’ time horizons collapsed from more than five years out to the near term. Today, investors are making current cash flows and profits a priority over potential growth prospects. Bull market buzzwords – fear of missing out, moon bags, laser eyes, stonks go up, and financial independence, retire early – are out of vogue, replaced by mundane things like holding on, dollar cost averaging and the collective hope for transitory inflation.
