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To Survive Disasters, You Need Smiles (guest: Steve Hou)

The Market Huddle

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The S&P 500 Total Return Index, Right?

I define these regimes so I can get a sense how different asset classes have performed in each of these regimes. And you see a pattern that's mostly consistent with intuition, right? So, for example, the blue line, the blue bar, which is the S&P 500 total return index, right? Those have performed best during inflationary growth environment and even better during this inflationary growthenvironment. equity tends to perform poorly in recessionary episodes,. as well as stackflationary environments.

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