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Are Stocks Cheap? (EP.312)

Animal Spirits Podcast

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The S&P 500 Average Returns by Unemployment Rate

The S&P 500 suffered its longest bear market since 1948 excluding the most recent bear market. Just because the bear market is over, I don't necessarily think it means it's a new bull market. The unemployment rate is still at 3% in change and valuations are probably still on the high side.

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