“History suggests that higher rates may actually be a good thing” for U.S. stocks, John Lynch, LPL Financial’s chief market strategist, wrote Monday in a report.
Lynch and a colleague, Ryan Detrick, cited the S&P 500 Index’s track record over 11 periods since 1996 when the yield on 10-year Treasury notes rose for three months or more.
The S&P 500 advanced every time, with an average gain of 9.5 percent.
Source: Bloomberg Pro Terminal
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