I think there is some benefit for PPH of the Fed raising rates...

I think there is some benefit for PPH of the Fed raising rates today.

If PPH does not need to raise further capital then an illiquid capital market mightn't affect them.

The raise in rates has increased the value of the USD, pushing the DXY basket to new highs.

This means that the USD PPH is earning is worth more now than ever.

Interestingly, it is market sentiment and large holders selling down that may pose an excellent opportunity.