What World War II can tell us about the current stock-market environment

📆 10/5/2023 1:30 AM
📰 MarketWatch

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Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

The stock market now, after the COVID-19 pandemic, has strong parallels to the environment after World War II.

Don Rissmiller and Brandon Fontaine, analysts at Strategas, ran through a series of Federal Open Market Committee comments made after the war. There was surprise on how resilient the economy was. The S&P 500 SPX is down about 12% from its closing peak in early 2022, having surged about 75% from its 2020 lows.

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