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Module 2 · Return engines · Lesson 5 of 5 · 4:23
Markets move in cycles
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About the full course
The economic cycle, the three US recessions since 1993, and why the market usually turns before the economy does.
In this lesson
- Expansion, peak, recession, recovery
- Market peaks and lows vs official recession dates
- Why economic news is late news
Apply it
Open the S&P 500 drawdown chart in the Research Terminal and find the three recessions since 1993.