Sentences with phrase «tightening cycles actually»

Not exact matches

In other words, the market's return has actually been sub-par for a reasonably long period following the final hike of a rate tightening cycle.

If you look at periods where the price / peak earnings multiple was 16 or higher on the S&P 500, the final rate hike of a tightening cycle was actually associated with losses on an annualized total return basis, averaging -7.18 % over the following 6 months, -9.94 % over the following 12 months, and -5.87 % over the following 18 months.