Should Stocks Fear Rate Hikes ?

While day after day we are bombarded with musings from talking-heads proclaiming that no matter what happens in the future, buying stocks and buying more stocks is the way to go, the data has a different story to tell. As Goldman Sachs notes, at a forward PE of 17.5x, the equity market looks more expensive today than it was during any of the last four cycles. Furthermore, as Goldman puts it,

Posted in: Technical Analysis