Recessionary plunge
"A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March," notes a recent Reuters article. The Chicago Fed National Activity Index dropped to -4, the lowest level since 2008, and one of the lowest in more than 50 years. In a premium note, Troy shows that only two other time periods exceeded this low of an Activity Index, at the ends of 1974 and 2008. While the interim might have seen some swings, over the next year stocks rose by more than 20%.
