$S&P 500(.SPX)$ When the labor market begins to deteriorate, that is bad news for stocks.
Equities typically do not bottom until jobless claims spike substantially on a YoY basis.
5 of the last 6 Bear Market bottoms were accompanied by a 25% YoY increase in jobless claims.
Powell has emphasized that labor market weakness is a necessary ingredient for restoring price stability.
Don’t fight the Fed and the labor market.
In each of the last 7 Bear markets, the S&P 500 did not bottom until AFTER the Fed began cutting rates.
On average, the market bottomed 11 months after the first rate cuts.
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Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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