Smart Macro: This Time Is Not Different

June 9, 2023 – The S&P 500 has now climbed 20% from its October 2022 lows and many are declaring that we are now in a new bull market even though leading economic indicators are still strongly pointing towards recession while banks also aggressively tightening credit. Perhaps this time will be different? In today's Smart Macro segment of the Financial Sense Newshour, Chris Puplava discusses how we've seen numerous 20% or more rallies in prior bear markets that, after sucking investors back into the market, ultimately failed and led to lower lows. Given the economic backdrop we see today and the information he shares in today's podcast, that's what he believes we'll see again.

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