Fidelity: Historically, 2 quarters of falling GDP a good entry point

It may seem counterintuitive, but historically, two quarters in a row with negative GDP has been great news for the stock market:

Every time since 1957 that GDP fell in two consecutive quarters, the S&P 500 advanced over the next nine months, with an average return of nearly 18% (Exhibit 1).

Joe Sweeney

Joe is a failed baseball player turned market blogger

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Consumer confidence rises in August

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Is the market due for a post-election rally? History Suggests Yes: