On Wednesday, July 26, 2023, the Fed raised the interest rate again. But this time, the market reacted differently. The new rate reflects the highest interest rate in 22 years. However, the DOW seems to ignore it and close in green which is the longest winning streak since 1987. This market performance again confirmed our earlier analyses posted in the BLOG on June 02, 2023.

With this fact, one might infer that the ROI of investing in the market surpasses the cost of capital driven by outperforming US economy.