Here’s what you need to know:
We st a r t ed moving i nto a r i si ng interest rate phase in January 2014 and, according to the Reserve Bank, the outlook in terms of interest rates is not good. The fact is that we are still trading 13% higher (excluding dividends) in this rising interest rate phase.
Will it be different this time? Many investors may have thought so in the past two rising interest rate phases (20012003 and 2006-2008) after the markets rallied at the beginning of those phases, only to end in the red.