bear markets all unfolded AFTER the initial Fed pivot

Easy to forget that the 1973-74, 1981-82, 2000-02, and 2007-09 bear markets all unfolded AFTER the initial Fed pivot. The '73-74 pivot was short lived amid high inflation. Unless market internals are favorable (read my stuff), pivots amid recession risk say "something just broke"

 

 

 

4:19 PM · Oct 21, 2022