History shows the S&P 500 sees double-digit growth the year after the Fed is done hiking rates

• The S&P 500 has typically rallied by double-digits in the year after a rate "top", DataTrek said.
• A double-digit rally of over 20% followed the peak in Fed rate hikes in 1995, 2006, and 2018.
• "History suggests the index can rally by 17 percent through the first half of 2024," analyst wrote.

Markets are betting on the fact that the Federal Reserve's rate hikes are over. If that's the case, it could mean the S&P 500 can swing up by double-digits in the next year.

That's because rate "tops" in history have typically been followed by strong gains for stocks, DataTrek analyst Jessica Rabe wrote in a note Wednesday.