FED HIKES AND THE STOCK MARKET

The 'tourist expands on a great chart

Over the weekend, one of my buddies sent me a research piece that shocked me. I probably shouldn’t have been so surprised, but seeing the data in black and white put the extent of this phenomenon into undeniable form.

Before we start, a big thanks to my friend for passing it along. And although I have never heard of the firm which produced this graph, 3-…