Investors and especially consumers are human beings and as such, they make decisions strongly influenced by emotions (so they do not only use logic).
This is another way of bringing into play the irrationality of economic operators.
Despite the short-term outlook (galloping exo-inflation, war in Europe with the consequence of single states' budget deficits for financing the Ukrainian army and then rebuilding Ukraine itself, slowing wages and unemployment), consumption was unexpectedly high this summer. The prospects of home coming of companies (return of production in the parent country, or "re-importing" the firms relocated to third countries now considered "unreliable") requires medium/long-term processes and will bring benefits for workers in industrialized countries only in the long term.
Among all the ignorances in economic matters (remembering first of all the formula of compound interest and the "multiplicative" effect in the long run) I found the lack of correlation between interest rates and inflation. Okun's Law, Phillips Curve are all resources found on Wikimedia but the fundamental notion that the average consumer lacks is in case of exo-inflation (i.e. stagflation) Central Banks have more technical tools to combat it but which, simplifying, leads to an increase in interest rates (implementing a monetary tightening)
At this point faced with the question asked to me by a friend "but this is not the time for the ECB to raise rates [he has a variable rate home loan], expenses are increasing for all, they do not understand anything in Brussels!", I realized the ignorance of my friend who had not realized another front of predictable but not budgeted expenditure (after consumption, utilities "now there is also" the home loan!).