By Jeff Goble
A pattern emerges when we carefully research the last three Federal Reserve interest rate tightening cycles since 1989, as you can see in the chart presented here. We have compared their slopes and percentage changes with the current rate normalization program, which began in December 2015. The basic investment premise here is that markets have a very strong tendency to repeat themselves, usually with an unexpected twist of some sort. Doing the math helps removes the market emotion, in my opinion.