This. Historically, a company is fundamentally valued by the discounted rate of its free cash flows into the future. The discount rate is decided by several factors including the risk free rate.....which is frequently tied to interest rates. So interest rates go up, the risk free rate goes up, cash flows become worth less, and corporate valuations go down.
We only have data for the present and the past. Prediction is hard, especially for the future.
I prefer using nominal quantities, known values, and ignore people's predictions. Not that they are always wrong, or never right. But because I like to make decisions based on facts.
