Jeff Schulze says the market is expected to continue rising after the Fed's latest rate hike

Regarding the latest Federal Reserve interest rate hike, the market’s recent mild performance may alleviate any downside. Jeff Schulze, Chief Investment Strategist at Franklin Templeton Institute, stated that in the three months leading up to last week’s move, the S&P 500 Index was almost unchanged, while historically, the average gain in the three months before the first rate hike is 4.2%. “I believe the market is likely to continue rising as we enter a very strong seasonal fourth quarter,” Schulze said.