Stocks' Rally Will Likely Survive the Fed's First Hike, Crossmark Says

Chief strategist Fernandez sees 2022 stocks able to rise more
Says history suggests first rate hike won’t hurt equities

Crossmark Global Investments Chief Market Strategist Victoria Fernandez says equity markets should continue to rally despite the Federal Reserve’s projected policy tightening. “We don’t really see the equity markets take a hit until maybe that second or third rate hike,” Fernandez said on “Bloomberg Surveillance.”Source: Bloomberg

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By Emily Graffeo and Jonathan Ferro

December 27, 2021 at 3:24 PM UTC

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Stocks will continue to be supported for the first quarter of 2022 even if the Federal Reserve begins to raise interest rates, according to Crossmark Global Investments’s Victoria Fernandez.

The chief market strategist said in a Monday interview with Bloomberg Television that historically equity markets continue to rise after a first interest rate hike and don’t actually take a hit until after the Fed’s second or third increase.