High interest rates historically have been good for investors

Denise Chisholm approaches her research by looking at market data through a historian’s lens. She believes historical patterns, when considered in the appropriate context, can help investors build conviction about future trends. The economy has shown surprising strength in recent months. Rather than celebrate the news, many investors have worried that a strong economy could push interest rates higher than expected and keep rates high for longer than expected. As a result, this month she is focusing on the past relationship between high interest rates, economic growth, and returns in the stock and bond markets.