The last two recessions may help determine what’s next for the recent market rally.
Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath.
Achuthan builds his case in a special S&P 500 chart showing performance during the 2009 to 2010 and 2001 to 2003 recoveries.
“If we looked at the last two business cycle recoveries, I think everybody is hoping that it’s something like coming out of ’09 into ’10,” the economic forecaster told CNBC’s “Trading Nation” on Wednesday. “The economy kept recovering for the