Jefferies: It’s Likely The S&P 500 Will Rise As The Fed Continues To Hike

Over the past 12 months, plenty of market bears have been complaining about the Federal Reserve’s desire to raise interest rates and the negative impact such hikes will have on equity prices, notable the S&P 500.

Arguments ranging from higher credit costs for indebted companies to a rising discount rate have been given as the possible catalysts for equity market declines. Unfortunately, no one really knows what will bring the next market decline -- unless they have a crystal ball -- and there’s no telling how . . .

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