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3min chapter
TIP547: The Truth About Stock Market Forecasts
We Study Billionaires - The Investor’s Podcast Network
The History of the Stock Market Drawdown
Since 1929, the S&P 500 has had a drawdown of at least 20% under just about every single president. The largest stock market drawdown was the COVID scare in March 2020 as stocks dropped around 24%. Wall Street likes to sound smart by saying that if the Fed is going to raise rates, you shouldn't be in stocks. This sounds logical, but historically, this argument really hasn't held up.
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