4 ms·
What/which economic slowdown?
by knowaveragejoe 2y ago
What/which economic slowdown?
- glitchc 2y agoCOVID of course. And then once the economy recovered circa 2022 given all of the stimulus pumped into it, markets became soft again due to escalating interest rates in an effort to curb inflation. Just have to look at the long term trend for DoW Jones, NASDAQ and S&P. You can see the patterns reflected in the curves. If I could attach annotated screenshots to the message, it would become very clear. In lieu of, if you look at the 5 YR S&P value [1], you'll see the drop in Mar 2020, followed by a recovery until Jan 2022, and then a cooling effect as interest rates start ratcheting up. 2024 is looking better, but that ~2 year soft period from Jan 2022 to Nov 2023 is enough to tank any business operating at margin. [1] https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&ved=2ahUKEwiQ2uHK_pyHAxXShYkEHZJQCv8Q3ecFegQIKBAX&window=5Y https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&ved=2...