72 years of Fed rates vs $SPX mapped out.
Blue = Fed funds rate
Gold = S&P 500 (log scale)
Red = drawdowns from ATH
Dot-com bubble: -49%
2008 financial crisis: -57%
Price action only, dividends excluded.
Data: FRED + Yahoo Finance.
History doesn't repeat, but it rhymes. Watch the rate cycle.
Blue = Fed funds rate
Gold = S&P 500 (log scale)
Red = drawdowns from ATH
Dot-com bubble: -49%
2008 financial crisis: -57%
Price action only, dividends excluded.
Data: FRED + Yahoo Finance.
History doesn't repeat, but it rhymes. Watch the rate cycle.