Across the six cycles since 1994, the index was lower one month after the first hike in five of six cases, and still lower three months in.
Across the six cycles since 1994, the index was lower one month after the first hike in five of six cases, and still lower three months in. Five of the six were higher at the one-year mark, with 1997 the outlier on the upside and 2022 the only cycle negative a year out. Values are read from the published series and are approximate.
Source: LPL Financial, via The Daily Shot
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