The document provides a historical analysis of the S&P 500 Index during tightening cycles from 1970 to 2011, highlighting the impact of interest rate hikes on equity markets. It includes a table of the S&P 500 Index values and other economic metrics over the years. The analysis suggests that high inflation and interest rates do not necessarily lead to a decline in equity markets. The document also discusses the relationship between the misery index and equity-market valuations, noting a negative correlation between unemployment, inflation, and market valuations.
documents/vol00010-efta01458248-pdf.pdf
{"title":"S&P 500 Index and Economic Indicators Analysis","key_people":["Janet Yellen"],"document_date":"2015-09","document_type":"tabular","key_locations":["United States"],"document_subtype":"financial analysis","key_organizations":["Federal Reserve Board","Thomson Reuters Datastream"],"reference_numbers":["DB-SDNY-0118072","SDNY_GM_00264256","EFTA01458248"]}