Bill Miller says higher interest rates always led to a higher stock market the last two decades
"Looking at the last 20 years — all cases of higher interest rates have been met with a market that's gone higher," investor Bill Miller said, according to notes from a call published May 15. For example, Miller pointed out that d uring the bull market of 1980, bond yields rose 210 basis points and the market was up 26 percent. Higher interest rates are good for the stock market, noted investor Bill Miller said in call about the first quarter for markets.