Rising interest rates would mean the opportunity cost of investing would be lowered, and people who are more conservative could be more likely to park their money in banks. This would drive asset prices down since lesser money is flowing into the market. Fund managers and investors generally use interest rates as the hurdle rate for valuation purposes which may result in lower valuation for companies and hence lower asset prices in general. However, given that interest rates have dropped so much, one would expect the asset prices in the market such as stocks to be higher, since opportunity cost of not investing is much higher now. Hope it helps!
Rising interest rates would mean the opportunity cost of investing would be lowered, and people who are more conservative could be more likely to park their money in banks. This would drive asset prices down since lesser money is flowing into the market. Fund managers and investors generally use interest rates as the hurdle rate for valuation purposes which may result in lower valuation for companies and hence lower asset prices in general. However, given that interest rates have dropped so much, one would expect the asset prices in the market such as stocks to be higher, since opportunity cost of not investing is much higher now. Hope it helps!