Stock Market Indicators: S&P 500 Recession Cycles

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Stock Market Indicators: S&P 500 Recession Cycles il 30, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-97-5306 jabbott@ Please visit our sites at blog. thinking outside the box

Table Of Contents Table Of Contents S&P 500 Index 1-2 il 30, 2018 / S&P 500 Recession Cycles

3602 3002 202 1802 1202 Figure 1. S&P 500 & RECESSIONS S&P 500 Index 3602 3002 202 1802 1202 602 602 2 199 195 191 2 Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Source: Standard & Poor s. 280 200 160 120 80 0 Figure 2. S&P 500 & BEAR MARKETS* 199 195 191 280 200 160 120 80 0 Note: Shaded blue areas denote S&P 500 bear market declines of 20% or more. Yellow areas show bull markets. Source: Standard & Poor s Corporation. Page 1 / il 30, 2018 / S&P 500 Recession Cycles

360 300 180 120 Figure 3. T PT PT P T PT PT PT PT PT PT PT P T PTP T PT PT P T S&P 500 BULL & BEAR MARKETS S&P 500 Index 360 300 180 120 60 199 195 191 60 Note: Shaded green areas denote S&P 500 bull markets, while red areas are bear market declines of 20% or more. Business cycle peak (P) & trough (T), Source: Standard & Poor s. Page 2 / il 30, 2018 / S&P 500 Recession Cycles

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