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State of Play: Inflation, Recession Signals, and the Housing Market — with Mark Zandi - The Prof G Pod
Pivot
The Stock Market Is Down 20% From the Peak at the Start of the Year
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The stock market is down 20% from the peak at the start of the year. The rise in interest rates this year has meant that price earnings multiples have come in, which is a good thing for investors. If we were going to go into recession, I think the market would be down a lot more.
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