Investors like to look at data AFTER 1982 which shows the S&P bottoming before the Fed stopped raising rates. But that was during a period of lower inflation. During S&P bottoms in 1972, 1974 & 1982 during high inflation the Fed was already cutting BEFORE the S&P bottomed.
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AuthorDan Niles is founder and portfolio manager for the Satori Fund, a tech-focused hedge fund. Archives
March 2023
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