US Stocks
US Bonds
0%
-10%
-20%
10%
20%
30%
40%
50%
6-month CDs
Dec 1980
Jul 1984
Feb 1989
Feb 1994
May 2000
Jun 2006
Dec 2018
Average
End of Fed Rate Hike Cycle
18%
13%
-5%
11%
30%
31%
10%
12%
17%
6%
17%
39%
7%
12%
-12%
6%
6%
20%
1%
11%
32%
8%
14%
17%
12-month Returns After the End of Fed Rate Hike Cycles Since 1980