{"id":11026,"date":"2022-12-15T08:21:00","date_gmt":"2022-12-15T08:21:00","guid":{"rendered":"https:\/\/martinfortuna.de\/?p=11026"},"modified":"2023-07-03T12:05:36","modified_gmt":"2023-07-03T12:05:36","slug":"sp500-predictions","status":"publish","type":"post","link":"https:\/\/martinfortuna.de\/en\/sp500-predictions\/","title":{"rendered":"SP500: When will the bear market end? What should we be aware of?\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11026\" class=\"elementor elementor-11026\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71f8d427 elementor-section-boxed elementor-section-height-default elementor-section-height-default rt-parallax-bg-no\" data-id=\"71f8d427\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e01836d\" data-id=\"7e01836d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11c5e614 elementor-widget elementor-widget-text-editor\" data-id=\"11c5e614\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Just when it looks like the market is recovering, poof! Something pulls it back and hinders progress. A surprisingly strong jobs report is the latest reason for stocks to suddenly struggle again. This could mean that the Federal Reserve will have to keep its aggressive interest rate hikes for an indefinite period, pulling the market down even further.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d47ec6 elementor-widget elementor-widget-text-editor\" data-id=\"7d47ec6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It is possible that the<strong> recent market dip is just a short break in a positive trend that has been growing since October,<\/strong> and maybe the poor performance this week is just a momentary correction before the market continues upwards. After all, no one can predict what will happen in the future.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-873d461 elementor-widget elementor-widget-text-editor\" data-id=\"873d461\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Statistically,<strong> the October low is not the final low of a bear market for several reasons.<\/strong><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3153f7a6 elementor-widget elementor-widget-image\" data-id=\"3153f7a6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500_downward_trend_martin_fortuna_stocks\" data-elementor-lightbox-description=\"sp500_downward_trend_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2MzAsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDBfZG93bndhcmRfdHJlbmRfbWFydGluX2ZvcnR1bmFfc3RvY2tzLnBuZyJ9\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"602\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-1024x602.png\" class=\"attachment-large size-large wp-image-14630\" alt=\"sp500_downward_trend_martin_fortuna_stocks\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-1024x602.png 1024w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-300x176.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-768x452.png 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-1536x903.png 1536w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-2048x1204.png 2048w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_downward_trend_martin_fortuna_stocks-155x91.png 155w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-224bced elementor-widget elementor-widget-text-editor\" data-id=\"224bced\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\"><strong>Photo<\/strong>: Will the falling trend continue or will we finally break through resistance?<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6950e7a7 elementor-widget elementor-widget-heading\" data-id=\"6950e7a7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span style=\"color:#2962ff\"><b>Will the market turnaround \n<\/b><\/span> be like previous ones?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69d72e3 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"69d72e3\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/martinfortuna.de\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-arrow-alt-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Research shows that a <b>typical bear market lasts about 15 months<\/b>, with the S&amp;P500 index suffering a 38% drop in value.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-arrow-alt-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">If a similar drop were to happen in the coming year, it would mean a <b>33% drop from the peak reached by the index<\/b> almost a year ago, which would be a 15-month drop. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-arrow-alt-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">While every <b>situation is unique and historical data is not always an accurate prediction of the future<\/b>, it is important to know that we call the average average for a reason!<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15bcbfc elementor-widget elementor-widget-text-editor\" data-id=\"15bcbfc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">But this way of thinking prevents a much more appropriate question: Is searching for the bottom of a bear market worth the risk and not seeing it when you need it most?<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d41e11c elementor-widget elementor-widget-image\" data-id=\"d41e11c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2MzEsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDAtZXhwZWN0ZWRfZHJvcF9pbl90aGVfZXZlbnRfb2ZfYV8zM19wZXJjZW50X2NvcnJlY3Rpb25fbWFydGluX2ZvcnR1bmFfc3RvY2tzLnBuZyJ9\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"607\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-1024x607.png\" class=\"attachment-large size-large wp-image-14631\" alt=\"\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-1024x607.png 1024w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-300x178.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-768x455.png 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-1536x911.png 1536w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-2048x1214.png 2048w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-expected_drop_in_the_event_of_a_33_percent_correction_martin_fortuna_stocks-155x92.png 155w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19895f49 elementor-widget elementor-widget-text-editor\" data-id=\"19895f49\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\"><strong>Photo<\/strong>: Expected drop in case of a 33% correction.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9faa93 elementor-widget elementor-widget-shortcode\" data-id=\"f9faa93\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11274\" class=\"elementor elementor-11274\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6beb5da motion-effects elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"6beb5da\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a009297\" data-id=\"7a009297\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2ff34c8c elementor-widget__width-initial elementor-absolute elementor-hidden-tablet elementor-hidden-mobile animated-slow elementor-invisible elementor-widget elementor-widget-rt-shape\" data-id=\"2ff34c8c\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;,&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"rt-shape.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n<div class=\"rt-shape-layout motion-effects rt-shape-layout1\">\t\n\t<div class=\"rt-shape-item\">\n        \t\t<div class=\"shape motion-effects5\"><img loading=\"lazy\" decoding=\"async\" width=\"528\" height=\"528\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2021\/11\/element_20.png\" class=\"attachment-full size-full wp-image-4363\" alt=\"\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2021\/11\/element_20.png 528w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2021\/11\/element_20-150x150.png 150w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2021\/11\/element_20-300x300.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2021\/11\/element_20-200x200.png 200w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2021\/11\/element_20-155x155.png 155w\" sizes=\"auto, (max-width: 528px) 100vw, 528px\" \/><\/div>\n        \t<\/div>\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4634dd69 elementor-section-full_width elementor-section-height-default elementor-section-height-default rt-parallax-bg-no\" data-id=\"4634dd69\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4395f74\" data-id=\"4395f74\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-721c0521 elementor-widget elementor-widget-image\" data-id=\"721c0521\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"1024\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2023\/03\/obrazci-fortuna-investing-for-beginners-martin-the-art-of-wealth-3.jpg\" class=\"attachment-large size-large wp-image-15080\" alt=\"fortuna-investing-for-beginners-martin-the-art-of-wealth\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2023\/03\/obrazci-fortuna-investing-for-beginners-martin-the-art-of-wealth-3.jpg 637w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2023\/03\/obrazci-fortuna-investing-for-beginners-martin-the-art-of-wealth-3-187x300.jpg 187w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2023\/03\/obrazci-fortuna-investing-for-beginners-martin-the-art-of-wealth-3-98x157.jpg 98w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-643ee3fb\" data-id=\"643ee3fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-244ec71f elementor-invisible elementor-widget elementor-widget-rt-text-with-button\" data-id=\"244ec71f\" data-element_type=\"widget\" data-widget_type=\"rt-text-with-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"rt-title-text-button barshow\">\n\t\t\t<div class=\"entry-subtitle hide fadeInUp\" data-wow-delay=\"1s\" data-wow-duration=\"1s\">REGISTER FOR AN EXCLUSIVE WEBINAR<\/div>\n\t\t\t\t<h2 class=\"entry-title hide fadeInUp\" data-wow-delay=\"1.2s\" data-wow-duration=\"1s\">How to beat the crisis and how can you earn your first million?\t\t\t<span class=\"title-bar\"><\/span>\t\t<\/h2>\t\t\n\t\t\n\t<div class=\"entry-content hide fadeInUp\" data-wow-delay=\"1.4s\" data-wow-duration=\"1s\"><\/div>\n\t<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19d266a elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"19d266a\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">How much money has<b> record inflation<\/b> taken from you every day for the past 30 years?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">How <b>low are real investment yields<\/b> in Croatia <i>(you will be very surprised).<\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Huge hidden costs<\/b> when investing in stocks and funds in Croatia <i>(that prevent you from becoming a millionaire)<\/i>.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Extremely high overpayments<\/b> when buying and selling investment gold and silver.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63700484 elementor-widget elementor-widget-text-editor\" data-id=\"63700484\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Enter your name and email address now to participate for free.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31953505 elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"31953505\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.9.2 - 21-12-2022 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.e-form__indicators__indicator__separator,.e-form__indicators--type-number .e-form__indicators__indicator__separator,.e-form__indicators--type-number_text .e-form__indicators__indicator__separator{margin-top:calc(var(--e-form-steps-indicator-padding, 30px) \/ 2 - var(--e-form-steps-divider-width, 1px) \/ 2)}.elementor-field-type-hidden{display:none}.elementor-field-type-html{display:inline-block}.elementor-login .elementor-lost-password,.elementor-login .elementor-remember-me{font-size:.85em}.elementor-field-type-recaptcha_v3 .elementor-field-label{display:none}.elementor-field-type-recaptcha_v3 .grecaptcha-badge{z-index:1}.elementor-button .elementor-form-spinner{order:3}.elementor-form .elementor-button>span{display:flex;justify-content:center;align-items:center}.elementor-form .elementor-button .elementor-button-text{white-space:normal;flex-grow:0}.elementor-form .elementor-button svg{height:auto}.elementor-form .elementor-button .e-font-icon-svg{height:1em}.elementor-select-wrapper .select-caret-down-wrapper{position:absolute;top:50%;transform:translateY(-50%);inset-inline-end:10px;pointer-events:none;font-size:11px}.elementor-select-wrapper .select-caret-down-wrapper svg{display:unset;width:1em;aspect-ratio:unset;fill:currentColor}.elementor-select-wrapper .select-caret-down-wrapper i{font-size:19px;line-height:2}.elementor-select-wrapper.remove-before:before{content:\"\"!important}<\/style>\t\t<form class=\"elementor-form\" method=\"post\" id=\"fortuna_webinar\" name=\"Webinar-Fortuna\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"11274\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"31953505\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"Martin Fortuna\" \/>\n\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tName\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" required=\"required\" aria-required=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-50 elementor-field-required elementor-mark-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tEmail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" required=\"required\" aria-required=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-tel elementor-field-group elementor-column elementor-field-group-field_7e2729a elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-field_7e2729a\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tPhone number\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t<input size=\"1\" type=\"tel\" name=\"form_fields[field_7e2729a]\" id=\"form-field-field_7e2729a\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"If you wish, maybe you also receive a gift :)\" pattern=\"[0-9()#&amp;+*-=.]+\" title=\"Only numbers and phone characters (#, -, *, etc) are accepted.\">\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-checkbox elementor-field-group elementor-column elementor-field-group-field_012669d elementor-col-100\">\n\t\t\t\t\t<div class=\"elementor-field-subgroup  \"><span class=\"elementor-field-option\"><input type=\"checkbox\" value=\"I agree to receive useful information about stoves and investments, and &lt;a href=&quot;https:\/\/martinfortuna.de\/terms-and-conditions\/&quot;&gt;General Conditions&lt;\/a&gt; and &lt;a href =&quot;https:\/\/martinfortuna.de\/privacy-policy-2\/&quot;&gt;Privacy Policy.&lt;\/a&gt;\" id=\"form-field-field_012669d-0\" name=\"form_fields[field_012669d]\"> <label for=\"form-field-field_012669d-0\">I agree to receive useful information about stoves and investments, and <a href=\"https:\/\/martinfortuna.de\/terms-and-conditions\/\">General Conditions<\/a> and <a href =\"https:\/\/martinfortuna.de\/privacy-policy-2\/\">Privacy Policy.<\/a><\/label><\/span><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button type=\"submit\" class=\"elementor-button elementor-size-sm\">\n\t\t\t\t\t\t<span >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\" elementor-button-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">FREE WEBINAR REGISTRATION<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c66b1f5 elementor-widget elementor-widget-heading\" data-id=\"c66b1f5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span style=\"color:#2962ff\"><b>Don't risk  <\/b><\/span> missing out!<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cac403a elementor-widget elementor-widget-text-editor\" data-id=\"6cac403a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It is true that<strong> investments at the lowest point of a bear market can yield the greatest returns when the market starts growing again.<\/strong> Many investors claim to be brave enough to buy stocks at the right time; only a few have the courage to actually follow through with the purchase. It is important to take the risk and invest when the market is at its lowest, as this is the key to the greatest benefits when the market recovers.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f6b064b elementor-section-boxed elementor-section-height-default elementor-section-height-default rt-parallax-bg-no\" data-id=\"f6b064b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f9413cc\" data-id=\"f9413cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e4e82dd elementor-widget elementor-widget-text-editor\" data-id=\"e4e82dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The S&amp;P500 index has increased an average of 25% in the first three months of the last five bull markets. In addition, data collected over the last 20 years shows that<strong> more than one-third of the largest daily market increases occurred in the first two months of new bull markets,<\/strong> with half of these increases occurring during bear markets. As a result, it is more advantageous for investors not to try to determine the exact bottom of the stock market, but rather just invest when it seems like the right time.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-613d68f\" data-id=\"613d68f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eebc98d elementor-widget elementor-widget-image\" data-id=\"eebc98d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/dont-risk-missing-out-sp500-martin-fortuna-korosec.jpg\" class=\"attachment-large size-large wp-image-14636\" alt=\"dont-risk-missing-out-sp500-martin-fortuna-korosec\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/dont-risk-missing-out-sp500-martin-fortuna-korosec.jpg 800w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/dont-risk-missing-out-sp500-martin-fortuna-korosec-300x169.jpg 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/dont-risk-missing-out-sp500-martin-fortuna-korosec-768x432.jpg 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/dont-risk-missing-out-sp500-martin-fortuna-korosec-155x87.jpg 155w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1ce8f8 elementor-widget elementor-widget-spacer\" data-id=\"f1ce8f8\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.0 - 09-01-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e451a4b elementor-widget elementor-widget-text-editor\" data-id=\"e451a4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">S&amp;P 500 did not end 2022 with positive returns. This would be a relatively unusual occurrence, as it is not usual for the S&amp;P 500 to experience two consecutive years of negative returns. The last time this happened was between 2000 and 2002, following the Dotcom bubble burst.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7dccf3d elementor-widget elementor-widget-image\" data-id=\"7dccf3d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks\" data-elementor-lightbox-description=\"sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2MzcsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDBfMl9jb25zZWN1dGl2ZV95ZWFyc19vZl9uZWdhdGl2ZV9yZXR1cm5zX21hcnRpbl9mb3J0dW5hX3N0b2Nrcy5wbmcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks-1024x572.png\" class=\"attachment-large size-large wp-image-14637\" alt=\"sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks-1024x572.png 1024w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks-300x167.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks-768x429.png 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks-155x87.png 155w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_2_consecutive_years_of_negative_returns_martin_fortuna_stocks.png 1505w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fa4fe0 elementor-widget elementor-widget-text-editor\" data-id=\"1fa4fe0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\"><strong>Photo<\/strong>: Two consecutive years of negative returns for the SP500 index.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0891732 elementor-widget elementor-widget-text-editor\" data-id=\"0891732\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The FED&#8217;s decision to raise interest rates quickly, one of the fastest growths in decades, is reason to celebrate on stock markets. However, there is a concern that it may take some time for the effects of this tightening to be felt throughout the economy and for the impact on profits and shareholder value to be seen. Historically, bear markets have usually ended after the end of the economic tightening cycle. The full effects of tightening usually occur during a recession!<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c4aa8c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default rt-parallax-bg-no\" data-id=\"c4aa8c9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-df0cc6c\" data-id=\"df0cc6c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0046cd elementor-widget elementor-widget-heading\" data-id=\"f0046cd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When will  <span style=\"color:#2962ff\"><b>the bear market  <\/b><\/span> end?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8497bb elementor-widget elementor-widget-text-editor\" data-id=\"d8497bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A bear market usually ends when <strong>certain conditions are met, such as falling stock prices and increased pessimism among investors.<\/strong><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eab2bf5 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"eab2bf5\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><u>So when did bear markets end in the past?<\/u><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a037acd elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"a037acd\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-dot-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">3-6 months after the start of a recession or roughly halfway through a recession<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-dot-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">After the end of interest rate increases<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-dot-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Unemployment has risen 1-2%<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-dot-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">ISM Manufacturing is below 50 (The Manufacturing Index, also known as the Purchasing Managers' Index (PMI), is a monthly economic activity indicator in the US based on a survey of purchasing managers in over 300 manufacturing companies)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-dot-circle\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">EPS or \"earnings per share\" have fallen more than 10%<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d540fff elementor-widget elementor-widget-text-editor\" data-id=\"d540fff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Currently, the conditions for a recession are not met; the NBER (National Bureau of Economic Research) has not declared a recession, the FED has not finished raising interest rates, unemployment has not significantly increased, the ISM Manufacturing index has only <strong>recently fallen to 49, and earnings estimates have only slightly decreased.<\/strong><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a32b2a elementor-widget elementor-widget-image\" data-id=\"5a32b2a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500-Production_index_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2NDEsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDAtUHJvZHVjdGlvbl9pbmRleF9tYXJ0aW5fZm9ydHVuYV9zdG9ja3MucG5nIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"609\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks-1024x609.png\" class=\"attachment-large size-large wp-image-14641\" alt=\"\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks-1024x609.png 1024w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks-300x178.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks-768x457.png 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks-1536x914.png 1536w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks-155x92.png 155w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500-Production_index_martin_fortuna_stocks.png 1836w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd43ee8 elementor-widget elementor-widget-text-editor\" data-id=\"cd43ee8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Photo: The Manufacturing Index has been a good indicator of recession in the past.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b604b61 elementor-widget elementor-widget-spacer\" data-id=\"b604b61\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a21adf elementor-widget elementor-widget-heading\" data-id=\"9a21adf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Let's look at \n  <span style=\"color:#2962ff\"><b>how this has played out in practice <\/b><\/span> in the last two economic crises.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-222d986 elementor-widget elementor-widget-spacer\" data-id=\"222d986\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab870d2 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"ab870d2\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-double-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Year 2006-2009:<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d3671f elementor-widget elementor-widget-text-editor\" data-id=\"7d3671f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In 2006-2009, the FED stopped raising interest rates just before the unemployment rate reached its lowest point. Then they began lowering interest rates, and after one year the unemployment rate had increased by two percent. The Purchasing Managers&#8217; Index (ISM) <strong>reached its lowest point at the same time that the interest rate cuts ended.<\/strong><\/span><\/p><p><span style=\"font-weight: 400;\">In December 2008, the National Bureau of Economic Research (NBER) declared that a recession was underway and a few months later, in March 2009, the SP500 reached its bottom. In the chart below, we can see how these indicators appeared simultaneously and defined the bottom of the bear market.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f217c3 elementor-widget elementor-widget-spacer\" data-id=\"8f217c3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34c50a7 elementor-widget elementor-widget-image\" data-id=\"34c50a7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"SP500_unemployment_production_index_interest rates_martin_fortuna_stocks\" data-elementor-lightbox-description=\"SP500_unemployment_production_index_interest rates_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2NDUsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvU1A1MDBfdW5lbXBsb3ltZW50X3Byb2R1Y3Rpb25faW5kZXhfaW50ZXJlc3QtcmF0ZXNfbWFydGluX2ZvcnR1bmFfc3RvY2tzLnBuZyJ9\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks-1024x571.png\" class=\"attachment-large size-large wp-image-14645\" alt=\"SP500_unemployment_production_index_interest rates_martin_fortuna_stocks\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks-1024x571.png 1024w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks-300x167.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks-768x428.png 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks-155x86.png 155w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500_unemployment_production_index_interest-rates_martin_fortuna_stocks.png 1505w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93ec866 elementor-widget elementor-widget-text-editor\" data-id=\"93ec866\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\"><strong>Photo<\/strong>: Year 2006-2009; SP500 index, unemployment, interest rates, manufacturing index.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb8391a elementor-widget elementor-widget-spacer\" data-id=\"cb8391a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9544dc elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"d9544dc\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-double-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Year 2000-2002:<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee15ed7 elementor-widget elementor-widget-text-editor\" data-id=\"ee15ed7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In 2000, the FED stopped raising interest rates just before the <strong>lowest unemployment rate was reached<\/strong>. Almost a year later, the Purchasing Managers&#8217; Index (ISM) also reached its lowest point. After the interest rate cuts ended, unemployment increased slightly, by two percent. The National Bureau of Economic Research officially declared that a recession began in March 2001 and the S&amp;P 500 index reached its bottom in October 2002.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e904e4 elementor-widget elementor-widget-spacer\" data-id=\"2e904e4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1896f79 elementor-widget elementor-widget-image\" data-id=\"1896f79\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks\" data-elementor-lightbox-description=\"sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2NDcsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDBfcHJvZHVjdGlvbl9pbmRleF91bmVtcGxveW1lbnRfaW50ZXJlc3RfcmF0ZXNfMjAwMF8yMDAyX21hcnRpbl9mb3J0dW5hX3N0b2Nrcy5wbmcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks-1024x569.png\" class=\"attachment-large size-large wp-image-14647\" alt=\"sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks-1024x569.png 1024w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks-300x167.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks-768x427.png 768w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks-155x86.png 155w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_unemployment_interest_rates_2000_2002_martin_fortuna_stocks.png 1505w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bd6b89 elementor-widget elementor-widget-text-editor\" data-id=\"8bd6b89\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\"><strong>Photo<\/strong>: Year 2000-2002; SP500 index, unemployment, interest rates, manufacturing index.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b865c5 elementor-widget elementor-widget-spacer\" data-id=\"5b865c5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd1d8dc elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"dd1d8dc\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-double-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Year 2022:<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8202fd4 elementor-widget elementor-widget-text-editor\" data-id=\"8202fd4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Today, the National Bureau of Economic Research has not officially declared a recession. The FED has not yet stopped its interest rate increases, although many believe that the 50 basis point increase in December was their last. Additionally, the FED raised its forecast for basic household spending at its last meeting, which means they are not satisfied with the current inflation rate. Furthermore, it seems that the Purchasing Managers&#8217; Index has not yet reached its bottom, indicating that the economy&#8217;s strength will likely worsen. Unemployment, which was 3.5%, has likely stabilized at 3.7%, which is not a sign that the market will soon reach its bottom.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88e5953 elementor-widget elementor-widget-text-editor\" data-id=\"88e5953\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The S&amp;P 500 index and <\/span><b>employment<\/b><span style=\"font-weight: 400;\"> are cyclically linked. In the last three recessions, the S&amp;P 500 reached its peak when unemployment was at its lowest and reached its bottom as unemployment increased. This pattern is due to the stock market&#8217;s ability to predict the end of a recession before it happens.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c795314 elementor-widget elementor-widget-image\" data-id=\"c795314\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_and_unemployment_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500_and_unemployment_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2NDgsInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDBfYW5kX3VuZW1wbG95bWVudF9tYXJ0aW5fZm9ydHVuYV9zdG9ja3MucG5nIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"635\" height=\"433\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_and_unemployment_martin_fortuna_stocks.png\" class=\"attachment-large size-large wp-image-14648\" alt=\"\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_and_unemployment_martin_fortuna_stocks.png 635w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_and_unemployment_martin_fortuna_stocks-300x205.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_and_unemployment_martin_fortuna_stocks-155x106.png 155w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccd0c80 elementor-widget elementor-widget-text-editor\" data-id=\"ccd0c80\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\"><strong>Photo<\/strong>: A low value of the unemployment index is correlated with high growth in the SP500. <\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afe74eb elementor-widget elementor-widget-spacer\" data-id=\"afe74eb\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c0226e elementor-widget elementor-widget-text-editor\" data-id=\"1c0226e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It is important to know that employment is generally an important indicator of recession, but it is a lagging indicator. Leading economic indicators, on the other hand, already suggest a recession.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c0de71 elementor-widget elementor-widget-text-editor\" data-id=\"1c0de71\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">For example, a drop in the <\/span><b>ISM<\/b><span style=\"font-weight: 400;\"> index is often preceded or coincides with a bottom in stock markets, as it is a leading economic indicator, while employment is a lagging economic indicator. This is demonstrated by the fact that in 2001 the index reached bottom twice within almost a 12-month span.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed753bc elementor-widget elementor-widget-image\" data-id=\"ed753bc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_martin_fortuna_stocks.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"sp500_production_index_martin_fortuna_stocks\" e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTQ2NDksInVybCI6Imh0dHBzOlwvXC9tYXJ0aW5mb3J0dW5hLmRlXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIyXC8xMlwvc3A1MDBfcHJvZHVjdGlvbl9pbmRleF9tYXJ0aW5fZm9ydHVuYV9zdG9ja3MucG5nIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"635\" height=\"433\" src=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_martin_fortuna_stocks.png\" class=\"attachment-large size-large wp-image-14649\" alt=\"\" srcset=\"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_martin_fortuna_stocks.png 635w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_martin_fortuna_stocks-300x205.png 300w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/sp500_production_index_martin_fortuna_stocks-155x106.png 155w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-898f076 elementor-widget elementor-widget-spacer\" data-id=\"898f076\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc333bc elementor-widget elementor-widget-text-editor\" data-id=\"cc333bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It appears that all participants in financial markets believe that <strong>markets will quickly turn around when the Federal Reserve changes direction and injects money into the system.<\/strong> While this is not impossible, it is unlikely. Last year, during the COVID-19 crisis, markets did not only respond to monetary easing, but also required fiscal stimulus to boost the economy and help stocks recover. Without both measures, the next recession is likely to unfold like past recessions.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf4e2fa elementor-widget elementor-widget-text-editor\" data-id=\"cf4e2fa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We are at a major turning point, <strong>where bears will disappear and bulls will return to restore the market growth trend.<\/strong> This is similar to 1945, when the world emerged from World War II with high debt, negative real interest rates, fiscal decisions, and technological progress.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dc36c30 elementor-section-boxed 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186w, https:\/\/martinfortuna.de\/wp-content\/uploads\/2023\/03\/obrazci-fortuna-investing-for-beginners-martin-the-art-of-wealth-4-98x157.png 98w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-643ee3fb\" data-id=\"643ee3fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-244ec71f elementor-invisible elementor-widget elementor-widget-rt-text-with-button\" data-id=\"244ec71f\" data-element_type=\"widget\" data-widget_type=\"rt-text-with-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"rt-title-text-button barshow\">\n\t\t\t<div class=\"entry-subtitle hide fadeInUp\" data-wow-delay=\"1s\" data-wow-duration=\"1s\">REGISTER FOR AN EXCLUSIVE WEBINAR<\/div>\n\t\t\t\t<h2 class=\"entry-title hide fadeInUp\" data-wow-delay=\"1.2s\" data-wow-duration=\"1s\">Stock. How to buy shares in 2023, in a way that can bring you an additional million euros of profit?\t\t\t<span class=\"title-bar\"><\/span>\t\t<\/h2>\t\t\n\t\t\n\t<div class=\"entry-content hide fadeInUp\" data-wow-delay=\"1.4s\" data-wow-duration=\"1s\"><\/div>\n\t<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19d266a elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"19d266a\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Why the crisis of 2023 can be <b>your opportunity of a lifetime<\/b> and a ticket to the life of a millionaire?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Will the prices of stocks, funds (and cryptocurrencies) <b>rise or fall and what does it depend on?<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">How can you <b>recognize the right moment for cheap buying<\/b> of stocks, funds and cryptocurrencies?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">What can you <b>do with your savings?<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Where can you invest money in 2023?<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63700484 elementor-widget elementor-widget-text-editor\" data-id=\"63700484\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div 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REGISTRATION<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Just when it looks like the market is recovering, poof! Something pulls it back and hinders progress. A surprisingly strong jobs report is the latest reason for stocks to suddenly struggle again. This could mean that the Federal Reserve will have to keep its aggressive interest rate hikes for an indefinite period, pulling the market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14628,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"footnotes":""},"categories":[38,3,210,205],"tags":[],"class_list":["post-11026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funds","category-investing","category-shares","category-shares-and-funds"],"featured_image_src":"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500-When-will-the-bear-market-end-What-we-need-to-be-aware-martin-fortuna-korosec-1024x551.png","blog_images":{"medium":"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500-When-will-the-bear-market-end-What-we-need-to-be-aware-martin-fortuna-korosec-300x162.png","large":"https:\/\/martinfortuna.de\/wp-content\/uploads\/2022\/12\/SP500-When-will-the-bear-market-end-What-we-need-to-be-aware-martin-fortuna-korosec-1024x551.png"},"ams_acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sp500 index, fund investing - The Art of Wealth<\/title>\n<meta name=\"description\" content=\"Sp500 index: standard &amp; poor&#039;s 500 fund investing. 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