The mighty S&P 500 aka 'The Market' is now +1.56% since we started the very 1st interest rate hike in 2022 which set the fastest hiking cycle in decades ...

![Image upload](https://cdn.commonstock.com/4b61fb5dca471c521620ff38ee955a1b061e666b7100d68f73ddded0cd13a402-2400x1240.png)

Zooming out:

- 40 years of US interest rates with red bars recession periods S&P 500
- S&P 500 quarterly returns
- S&P 500 drawdowns

With the fastest hiking cycle in the most recent decades: the drawdown was in 2022, yet 2023 no problemo ... stocks win ...

![Image upload](https://cdn.commonstock.com/5f846a3025ff421e3975daa3b300a31a10366689f32afd461e76f9f5ea8c0a4f-2389x1162.png)

Currently working on the 2nd edition of **'The S&P 500 Report: Performance, Profitability, Valuation & Key Metrics'**

Edition 1 in full can be accessed here:
[https://maverickequityresearch.substack.com/p/the-s-and-p-500-report-performance](https://maverickequityresearch.substack.com/p/the-s-and-p-500-report-performance)

Cheers!

Will be interesting to see if this performance is sustained for the next couple of quarters. Pessimistically, I don't think it will be; but would love to be wrong.

![Image upload](https://cdn.commonstock.com/dc54aa4e79ee83308b6f8d8dacbe42aa963586cf1b1f6701b6bba540cfbae43b-771x483.png)

Eric Pelnik

Breaking down the S&P 500 & the 11 Sectors via Sleek Charts - Edition #1

https://maverickequityresearch.substack.com/p/the-s-and-p-500-report-performance

✍️ The S&P 500 Report: Performance, Profitability, Valuation & Key Metrics - Ed #1 

S&P 500 is now +1.56% since the start of the fastest FED interest rates cycle in decades

This member is verified by the Commonstock team based on their contributions to the Commonstock community. 