The general consensus is that the markets and/or economy will do well once the Fed stops raising rates…

For some historical context, here?s a quote from John Hussman on his research: ? “If you look at periods where the price/peak earnings multiple was 16 or higher on the S&P 500, the final rate hike of a tightening cycle was actually associated with losses on an annualized total return basis, averaging -7.18% over the following 6 months, -9.94% over the following 12 months, and -5.87% over the following 18 months.”