S&P 500 may still rise after Fed hikes, strategist says
A strategist argues the S&P 500’s one-year returns after initial Fed rate hikes have historically been lower (3% vs 10% otherwise) but the index could advance amid expectations of a less aggressive tightening cycle.
The S&P 500 on average delivers returns of just 3% one year after an initial interest-rate hike by the Federal Reserve, compared with returns of 10% otherwise. The S&P 500 is expected to gain from a Federal Reserve tightening cycle that is seen as less aggressive than in t…