The S&P 500 just crossed above 7,300 for the first time. A year ago it was at 5,600. 5 years ago it was at 4,200. 10 years ago it was at 2,100. $SPY
Video: https://t.co/YyhKGBImYz
The total # of jobs in the US increased by 0.6% over the past year, the slowest growth rate since March 2021. In the past 50 years, this type of weakness in the labor market has preceded a Recession & a spike in the Unemployment Rate 100% of the time.
Is this time different?
The average home price in the US is up over 53% in the last 5 years, more than double the increase in wages. The widening gap between prices and incomes has led to the least affordable housing market in history.
Video: https://t.co/QaLFSOGYCk
US Stocks are now trading at over 22x forward earnings versus 14x for International stocks, the widest valuation gap in history.
https://t.co/l5IYmkeySJ