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Jun 10 2021

A SLACK Scarcity?

  • Jun 10, 2021

Given how fast the economy is recovering, could the stock market soon struggle with a scarcity of SLACK? Wall Street’s dirty little secret is that, historically, the stock market does best when there is slack on Main Street. This is illustrated in Chart 1, which shows how the S&P 500 has performed at various unemployment rates during the post-war period.


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About The Author

James Paulsen / Chief Investment Strategist