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Open original source ↗At 0.5-2% interest rates, the “market”was not working. The Fed was in control.
Today, the market is working.
In 2017, interest rates increased as the Fed put the market on training wheels. Long duration equities had a fabulous year.
Let the market work!
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Redrawn on a log scale, back to 1980. Rates above 5% don’t automatically spell trouble for stocks. Drawing on 200+ years of history, @CathieDWood makes the case for why higher rates, lower inflation, and strong equity markets can coexist. https://t.co/byvGX5Zmfh https://t.co/8T1bsdijIA
downingARK ↗