The first rate hike by the Fed has never been an indication of a market peak.
On average, the first rate hike has taken place 37% into the economic cycle (measured peak to peak).
The S&P 500 has returned on average, another 58% after the first rate hike (price return) before the market peak for the economic cycle.
The initial market reaction to rate hike is, on average, negative, but the data shows it pays to be invested.
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