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BONUS: Tony Dwyer Offers A Pilot’s Perspective On “Landings”

RiskReversal Pod

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Do Markets Bottom in Front of Recessions?

In your lifetime, it has a bear market ever bottomed at 18 times forward. That's where we're trading right now with the S&P what? 10% off of those October lows. How do markets bottom in front of recessions historically? It's not happened. This whole call down I've said for the last year is all about recession. If you believe a recession is coming, you don't chase ramps. You also don't want to puke dips.

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