- The market can still realize gains this year, despite the tightening of monetary policy.
- The consensus on Wall Street is growing more bearish because of historical valuations.
- Valuations for different rate-hike cycles need to be compared based on the interest rates that prevailed at the time.
- There are similarities between today’s rate-hike cycle and the one in 1999-2000, but bears are growling too soon.
- A focus on value should produce attractive returns in the year ahead.
For further details see:
The Bears Are Growling Too Soon In The Cycle - Focus On Value