The Misery Index and the Price of the S&P 500
5 June, 2014 by
Matthew O'Brien, Ph.D. in Commentary
Here’s an interesting observation from economist Ed Yardeni of Yardeni Research, Inc. The “Misery Index,” which is the combination of the unemployment rate plus the inflation rate, is inversely correlated with the expense of the stock market, as represented by the forward ... read more...