The Last Time the Fed Hiked With QT

Gold bottomed first, thenlong-term treasuries, then stocks and oil when the Fed ended rates hikes in January 2019. Stocks and oil went up during QT last time, but the amount of QE didn't hit $50 billion per month until October 2018. Based on public statements by FOMC members, the Fed will hit its $95 billion per month target by July or August, and will probably cross $50 billion by June or July at the latest. Depending on whether they start QT in May or move the start to June.