Chart of the Day
Since the Fed has recently increased rates for the sixth consecutive time, today's chart illustrates how the market performed during the 13, 26, 39, and 52 week periods (blue bars) following a sixth discount rate hike and compared that to the rolling average for each time frame from 1950 to the present (gray bars). The conclusion... Rising interest rates tend to weigh on the stock market. Stay tuned...
- What are our latest indicators and studies saying about future stock market trends? Find out with the exclusive charts of Chart of the Day Plus.
Source - Federal Reserve Board
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Quote of the Day
"The moment of enlightenment is when a person's dreams of possibilities become images of probabilities." - Vic Braden
Events of the Day
February 09, 2005 - Ash Wednesday - Chinese New Year
February 13, 2005 - NFL Pro Bowl - Grammy Awards
February 14, 2005 - Valentine's Day
February 20, 2005 - NBA All-Star Game - Daytona 500
February 21, 2005 - President's Day - Washington's Birthday (observed)
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