Good overview of the current cycle starting at 37:37 on the play bar.
David Rosenberg of Rosenberg Research begins at 37:37 on the play bar. Here is a direct audio link.
As of yesterday, the S&P 500 is down 17% and Canada’s TSX about 10%. This is pretty typical heading into a recession where the broad market comes down about 10% and then falls a further 20 to 40% as bullish sentiment finally capitulates. The table below offers some historical context since 1929.
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