in bull market, FED tends to increase interet rate to prevent inflation, while in bear market, FED tends to decrease interest rate to boost investment.
sorry, i don't have enough data to do the analysis. but this is what i think. the two are actually inter-related in a strange circle:
1) market up -> 2) interest up -> 3) market down -> 4) interest down -> market up
if you only look at step 1 and 2, or only look at step 3 and 4, it's positive co-relation. but if you look at step 2 and 3, or 4 and 5, it's negative co-relation.
hope this answered your question.
sorry, i don't have enough data to do the analysis. but this is what i think. the two are actually inter-related in a strange circle:
1) market up -> 2) interest up -> 3) market down -> 4) interest down -> market up
if you only look at step 1 and 2, or only look at step 3 and 4, it's positive co-relation. but if you look at step 2 and 3, or 4 and 5, it's negative co-relation.
hope this answered your question.