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A realization that changed my perspective: monetary tightening doesn't impact businesses uniformly. The same rate hike helps some while hurting others. 🔸When prices surge, central banks lift borrowing costs to slow spending. Lenders benefit from improved loan margins. Property developers and utility companies face headwinds as financing grows expensive. 🔸Essential goods providers show resilience and demand persists, though success hinges on passing costs forward. Luxury retailers typically struggle early as households prioritize necessities over wants. 🔸Tech companies encounter distinct challenges: higher discount rates diminish the present value of distant profits, compressing valuations even when fundamentals stay solid. This uneven effect explains sector rotation before economic data shifts visibly. ✅ Smart investors move capital between industries well ahead of obvious trends, recognizing that broad indices hide vastly different underlying stories.