Source: Strategas and Todd Asset Management
Returns are price only, annualized and do not include dividends
Conventional wisdom says a combination of rising interest rates and stock prices can't be bedfellows.
History shows higher rates and higher stock prices can co-exist as in the 1950's and 60's.
We see a similar environment unfolding, driven by pro-growth policies and unleashing the digital economy, over the next 5-7 years.
This publication has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Past performance does not provide any guarantee of future performance, and one should not rely on performance as an indication of future performance. Commentary may contain subjective judgements and assumptions subject to change without notice. There can be no assurance that developments will transpire as forecast. Information contained herein has been obtained from sources believed to be reliable but not guaranteed. No part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of Todd Asset Management LLC. © 2017