William Shakespeare famously quipped “What Is Past Is Prologue.” Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Many know the phrase “Those who fail to learn from history are destined to repeat it.” We prefer to apply what has come before to improve the probability of success and reduce the chances of failure. “This time is different” remain the four most dangerous words in investing. History, through statistical data, may improve opportunity as well as help to avoid disaster.
As Samuel Clemmons shared: History may not repeat, but it rhymes.
How might a poet or rapper interpret the below chart? The rhymes may inform.
Source: Strategas Securities LLC [2024.02.09]
For this to add value, pick a winner. To predict our next President, watch the summer market performance. Stay tuned.
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