There’s no need to play Wall Street’s guessing game of trying to predict when the Federal Reserve will bring its rate-hike cycle to an end.
That game certainly gives the legions of Fed watchers something to do. And it certainly seems plausible that the end of a rate-hike cycle would be an opportune time to bet on equities. But there’s little hard evidence that the odds of beating the market become meaningfully higher by winning the game.
It...