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Stocks have performed well ahead of Fed rate hikes
(Bloomberg) – Judging from history, investors in US stocks shouldn’t be overly concerned regarding upcoming rate hikes. Since 1993, the S&P 500 Index has risen an average of 2.5% in the three months before the first Federal Reserve rate hikes. Policy normalization shouldn’t affect the outlook for strong corporate earnings growth, and the latest market slide looks a “bit far-fetched,” strategists at UBS Global Wealth Management led by Mark Haefele said in a note published Thursday.
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Original Note:
Rate Hike Fears a ‘Bit Overdone’ if History Is Any Guide: Chart
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