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Jan 06 2024

Saved By The Wealth Effect?

  • Jan 6, 2024

The S&P 500’s inflation-adjusted gain over the last twelve months is 21%, far above any previous reading seen on the doorstep of a U.S. recession. In other words, the wealth effect—a major contributor to the 2021-2022 inflationary spiral—is back again.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager