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Video: Thanks for Nothing

In this quick Investment Update, “Thanks for Nothing”, SEIA’s CIO, Deron McCoy, reminds us that the government may not be the best at calling recessions. In April 2020, we opined that the recession might be the shortest on record and that stocks had already bottomed. Last month, The National Bureau of Economic Research (NBER) declared that the recession was indeed the shortest on record at 2 months, however, stocks gained 33% since NBER first declared the recession started!