Stock market acting like it did before the recession of 1969, JPMorgan strategist finds

MarketWatch/Steve Goldstein/1-5-2023

graphic image of sign reading Recession Ahead“Another similarity between now and then is the steep drop in the stock market. In the 1969 recession, the S&P 500 index slumped 34% from peak to trough, and by around 20% before the recession started. Already, the market is down about 20% in the past year from its peak before any recession has started.”

USAGOLD note:¬†At about that same time, gold demand began to stir among investors, and European nation-states began converting their dollar holdings to gold at the U.S. Treasury’s gold window. Gold’s price history, thereafter, is well known.

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