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By Staff Reporters
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SPONSOR: http://www.MarcinkoAssociates.com
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News last week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades. And that could be a boon for the stock market and your 401(k).
Over the last 10 rate hike cycles dating to 1974, the S&P 500 index rose an average 14.3% in the 12 months following the Fed’s final rate increase, according to an analysis by Ryan Detrick, chief market strategist at Carson Group.
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Stocks climbed to reach their third positive week in a row for the first time since summer, boosted by data showing inflation is on its way down. And, the Gap soared as the retailer reported strong sales last quarter at both Old Navy and its namesake stores.
CITE: https://www.r2library.com/Resource
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Filed under: "Ask-an-Advisor", Alternative Investments, Experts Invited, Information Technology, Investing, Marcinko Associates, Touring with Marcinko | Tagged: 401(k), altman, Carson Group, Federal Reserve, FOMC, Gap, inflation, Marcinko, markets, microsoft, NASDAQ, old navy, Ryan Detrick, S&P 500 | Leave a comment »
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