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Look for the S&P 500 to drop in the first month after the Fed rate hike before shifting into recovery mode, CFRA says

Look for the S&P 500 to drop in the first month after the Fed rate hike before shifting into recovery mode, CFRA says

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Since 1994, the S&P 500 has fallen all five times in the first month of a rate-hike cycle but made gains six months later 80% of the time, CFRA said.

...read full article on Business Insider

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