6min chapter

The Compound and Friends cover image

A Very Tom Lee Christmas | What Are Your Thoughts?

The Compound and Friends

CHAPTER

The Stock Market Bottomed Before Volcker Shifted Tactics

Paul Volcker was the Fed Chair in the late 70s, early 1980s and he came in with a mandate to really whip inflation. The stock market bottomed in August 82 then turned into a vertical rise in the stock market. If you wait for Powell to say inflation wars ending, I think there's a good chance we're at all-time highs on the S&P.

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