SPX vs. Unemployment

Just speculating here, but the goal of this comparison was to get an average in days from when unemployment starts to rise to the major historical bottoms of the S&P 500. After taking the total number of days from the 6 instances highlighted in the chart above we got an average of 427 days, which would put us roughly in August of 2023 for a potential bottom (Assuming we've bottomed in terms of unemployment and expect to rise over the next couple quarters).

Barring any black swans, I'm interested to see how this plays out.