b********y
发帖数: 5829 | 1 I looked at all times when the Fed Discount Rate was low (less that 5.0) and
raised for the first time reversing a policy of declines. Here are my
preliminary findings:
Twelve months later, the S&P was positive 7 out of 8 occasions with an
average gain of 9.40%. The old adage is “Three steps and a stumble”. I
think there is some wisdom to that philosophy and even more so, if rates are
extremely low. The announcement today, caught everyone off guard and may
have a 1-3 day impact on the market. Bu | b********y
发帖数: 5829 | 2 Interest Rate Study Summary
1. I found that the level of interest rates has some modest impact on the
direction of equity prices, but is not nearly as significant as the
direction of interest rates. However, medium (5-7.5%) rate periods were
observed to have offered twice the returns of either low or high interest
rate periods, suggesting that the markets prefers modest inflationary
periods.
2. As a general rule, a trend of lower interest rates leads to
substantially higher equity prices a | r****e
发帖数: 867 | | b*******e
发帖数: 6389 | |
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