‘History Suggests It Might Be Time To Temper The Enthusiasm’

By Kevin Muir of “The Macro Tourist” fame; reposted here with permission It’s 819 days since the start of the Fed tightening cycle. Why would I know that so precisely? Because I just finished creating a chart of the stock market performance before and after the first fed tightening. Indexing the stock market performance around certain events like the first Fed hike is not novel. Tons of market strategists create these sorts of visuals. But Ned Davis created a chart I found so fascinat