Mike McGlone on LinkedIn: #inflation #unemployment #stockmarket
Rising Unemployment, Falling Inflation and 2024 - The 1987 stock market crash reminded us that mean reversion can be a powerful force. History may look back…
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Rising Unemployment, Falling Inflation and 2024 -

The 1987 stock market crash reminded us that mean reversion can be a powerful force. History may look back upon 2024 with similar inklings in terms of falling inflation and rising unemployment. My graphic shows that since 1948, a 3.9% jobless rate has typically recovered toward 6%, and the Producer Price Index 12-month average at 3.3% on Nov. 15 might not bottom until around minus 1.6%."

#inflation #unemployment #stockmarket