1: This has been one of the worst years (so far) for the traditional 60/40 portfolio. Diversification died this year.
2: Global GDP is fast approaching negative territory, last seen in 2020 and 2008.
3: Historically, when the US dollar skyrockets it is either because the world is falling apart or because the world is about to fall apart.
4: FedEx is a bellwether for the global economy, often falling over 50% during recessions. As of September 24th, FedEx has already fallen over 51%.
5: Bear market bottoms and subsequent market recoveries follow different patterns in deflationary and inflationary scenarios. Looking at the 1973-1974 period, which has many similarities to today, the market bottomed when interest rates peaked.