Highlights
- We have outlined our tactically cautious view for several months now, so we won't rehash it here.
- Instead, we think it is worthwhile to consider how the stock market has traditionally behaved leading up to and during recessions.
- We are reminded why it is that the S&P 500 has been included in the Index of Leading Economic Indicators...it has forecasted 100% of every recession since 1950, topping and bottoming many months before they begin and end, respectively.
- This is. . .
