I know it’s fashionable to be worried about the stock market. I’m not.
One of the main emotional drivers is that the Federal Reserve has tightened its monetary policy and that interest rates are going up.
Attached is a chart of the FED Funds rate going back to 1954. The RED line indicates estimated interest rate increases through 2024.
Despite the media hysteria, I don’t see a reason to panic. The range looks very similar to what we saw 67 years ago and certainly no higher than the peak over the past 13 years.
So…I’m not worrying, I’m enjoying the Christmas holiday. I wish you the same.
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