Some stocks are more sensitive to rate changes. Some are lower liquidity. Some are just volatile and risky. Some are just attractive stocks that people have been looking for a buy signal on. All sorts of things contribute to the move.A reaction of 10pc on many many stocks due to a difference in rate of 0.1pc seems a little Overblown to me
There's a good chance we're going to have a global slump as all these rate hikes wind their way through the system, which will mean a return to lower rates. Lower rates = money flowing back into equities. Any indication that central banks have overshot on taming inflation will be a big buy signal.