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Deep Tide TechFlow news. On July 15, Patrick Munnelly of the Tickmill Group said in a report that if oil prices stabilize and investors scale back expectations for Federal Reserve rate hikes, the U.S. technology sector could benefit.
Previously, rising oil prices had led the market to price in a higher likelihood of the Federal Reserve raising rates over the coming months, weakening demand for risk assets. However, he also said that if energy prices rise further, inflation concerns could intensify, thereby dampening market risk appetite. (Jin10)