Quick Fed Action Stat from Pawleys

There is a lot of focus on whether the Fed will first hike rates in 2015 or 2016.  But history tells us that the S&P 500 has gained an average of over 15% in the 24 months following the first rate hike of a Fed tightening cycle, so Pawleys remains bullish for the remainder of the year for 2015.  Our caution will be focused on astute stock selection, which we feel becomes even more important as we progress further through the current market cycle.

Source: Capital Group.  © 2015 Pawleys Capital Management, LLC. All rights reserved.

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