S&P 500's Rally Is Strongest Ever During a Fed Tightening Cycle
- Index has surged 41% since Fed rate increase in December 2015
- Crescat Capital says stock market vulnerable to a turnaround
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Longest bull market ever. Two trillion-dollar companies. Now you can add strongest rally ever during a tightening cycle to the list of milestones for U.S. stocks.
Since the first post-crisis Federal Reserve rate hike in December 2015, the S&P 500 Index has gained 41 percent. That puts this cycle’s rally in the top spot when compared with historical equity advances as the Fed hiked borrowing costs, according to Crescat Capital.