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On the 4th day of Fedmas, Janet Yellen sent to me

Janet Yellen as Santa
H. Armstrong Roberts | ClassicStock | Getty Images; Getty Images

During each of the 12 trading days before the Federal Reserve's interest rate decision on Dec. 16, CNBC Pro is highlighting a single strategy that should work if the central bank hikes rates, as many on Wall Street expect. We found these trades using Kensho, a powerful tool used by hedge funds to analyze historical market data.

In the holiday spirit, we will call this series the "Twelve Days of Fedmas." Thursday marked the fourth day so we've added another line, "Four Lincoln Nationals."

On the first day of Fedmas,

Janet Yellen sent to me:

A pair trade in Curr-en-cies!

On the second day of Fedmas

Janet Yellen sent to me:

Two General Motors

And a pair trade in Curr-en-cies!

On the third day of Fedmas

Janet Yellen sent to me:

Three ETNs

Two General Motors

And a pair trade in Curr-en-cies!

On the fourth day of Fedmas

Janet Yellen sent to me:

Four Lincoln Nationals

Three ETNs

Two General Motors

And a pair trade in Curr-en-cies!

If the Fed's hike sparks a move higher in long-term interest rates, that will bode well for insurance companies as they will make higher returns from their giant policy reserves, known as "the float." The group will also be able to charge higher rates for policies.

CNBC Pro ran the numbers on Kensho and found that insurance shares do perform well under a scenario of rising long-term interest rates for U.S. markets. We looked at all the one-month periods of significant moves higher in rates over the last decade. Here are the stocks from that sector that did the best.

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