Stock markets are up 60% plus. How does this rally stack up with previous ones?
Here are some key criteria of what previous 60% rallies have looked like when analyzed across 10 different key economic dimensions :
- Year over Year Retail Sales: 9.3% average in prior 60% rallies versus -5.3% in the current one
- Consumer Confidence: 95.5 average; 53.1 now
- Capacity Utilization: 79.9% average; 66.6% now
- Year over Year Industrial Production: 4.1% avereage; -10.7% now
- ISM: 53.9 average; 52.6 now
- Payroll employment gains over period: 2.2% average; -2.0% now
- Decline in continued unemployment claims from cycle peak: -26.3 average; -11.6% now
- Year over Year growth in total credit market debt: 9.3% average; 3.0% now
- Year over Year growth in household debt: 8.8% average; -0.1% now
- P/E Multiple: 16.8x average; 20.0x now
Data courtesy of Contrary Investor via Zero Hedge
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