Abstract

The following sections of this paper further examine the issues raised. Section II offers a theoretical analysis of how real GDP, unemployment, and the Fisher Effect should impact the S&P 500. Section III provides information on the expected relationship between the economy and the following major industry categories: growth, cyclical, defensive, and interest-sensitive. Section IV introduces the research design including the generalized least squares model. Section V presents the results and examines the appropriate econometric specification. Section VI concludes the study and reiterates important findings.

Disciplines

Economics

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Economics Commons

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