Now do the S&P 500 for the 12 months leading up to the 4 periods when unemployment exceeded 8%.
Let me help:
Jan 1975 - Dec 1975
Nov 1981 - Dec 1983
Feb 2009 - Aug 2012
Apr 2020 - Aug 2020
Wall Street’s “dirty little secret”?
Stocks do best “when there is slack on Main Street. .. the average annualized one-month-forward total return for the S&P 500 has been almost five-times greater when the unemployment rate was 8% or higher ..” @LeutholdGroup
You freak out about getting to the airport 2 hours early because it’s the day before Thanksgiving.
I show up 45 min before departure without PreCheck and still make it to my gate before boarding.
We are not the same.
We’re getting old; the bar for friendship has to be lower. The @UberEats guy can be considered a friend at this point—he hits high on the friendship KPIs: reliable, makes you feel good, always a pleasure to see.