That’s not responsive to what I said. It’s a snappy one liner though, so I guess cool?
> An inverse relationship between level of unemployment and forward stock market returns. In the current quintile (2.5% to 4.4% unemployment), the average S&P 500 return over the following year is 5.6% versus and average of 12.7% in all periods. The best returns historically have come after periods of high unemployment
> So far, in this one specific downturn, sure. There is however a strong historical correlation between market downturns and widespread unemployment.
Statistics show just the opposite
It can simultaneously be true that major gains are made after downturns and that there has historically been a strong correlation between downturns and unemployment.
You need to look at what happens to stock prices during the recession/firing.