S&P 500 returns in Presidential election years ending in "4"
waiting for Godot's recession
It is difficult to get excited about the stock market in a year like this, when 1-year certificates of deposit yield 5 percent. John Hussman’s charts of stock market valuation against forward long-term returns are flashing negative 12-year-ahead returns.
The expansion is getting long in the tooth but they are suppressing the unemployment rate to float the economy through the election year. By August we will have broken all records for the past 50 years from first inversion.
At some point, the yield curve is going snap positive, and then we will be off to the races. If we follow the 1980 pattern, the Fed will juice the economy again before the election, and then the recession follows afterward.
Peace!
Didn't know Godot was associated with recession...
Must be the reason he never appears.
I enjoy watching financial podcasts but still consider myself a financial dimwit. But people here can answer back- Do we keep the stock market up with inflation and wars until the elections??? And what effect will the false flag ops have on the stock market? And can the generals still sell us the reason to get into more wars with their false flags or could something be different this time?? And now that Im typing , may I add, " Has anyone noticed the statistics of more people of working age dying or do we wait 75 years for that to happen. ? Call me Baffled in New Delhi