Reviewing the correlation between Unemployment & S&P 500
As the figure shows there is a clear negative correlation between U.S. unemployment and the S&P 500. Currently, we are seeing extreme highs in unemployment and the recovery will certainly take some time.
To see more reasoning for a short position, please look at my previous post on the S&P 500 (Witnessing a bubble created by people's unrealistic expectations)
https://www.tradingview.com/chart/SPX/U5AZWy5Z-Witnessing-a-bubble-created-by-people-s-unrealistic-expectations/
To see more reasoning for a short position, please look at my previous post on the S&P 500 (Witnessing a bubble created by people's unrealistic expectations)
https://www.tradingview.com/chart/SPX/U5AZWy5Z-Witnessing-a-bubble-created-by-people-s-unrealistic-expectations/
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