By David Berman
If you find yourself more interested in the impact that rising interest rates are likely to have on your investments than when higher rates are likely to arrive, Birinyi Associates have some interesting numbers on their site, Ticker Sense.
They found that oil has enjoyed the biggest bounce six months after a rate tightening cycle has begun. Crude has risen an average of 17% during this period, compared to average gains of just 3% for the S&P 500.
They also found that technology stocks, health care stocks and materials lead the 10 subindexes within the S&P 500. On the other hand, more interest-rate sensitive utilities, telecom stocks and industrials lag.
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