Major stock and bond market declines have occurred when low unemployment rates have been reported in conjunction with market rallies from 15-20+% declines. We’re in stagflation with prospects of a significant recession ahead so be careful about making new commitments in the stock and bond markets. The “why this warning” is covered in today’s Podcast. We include a link to the S&P 500 long-term chart that is referenced in this podcast: https://www.macrotrends.net/2324/sp-500-historical-chart-data