



( HINT: Click-and-drag left-to-right on the top chart (S&P 500) to zoom in to a specific date range. Double-click on S&P 500 chart to zoom back out. )
This chart shows the quarter-over-quarter, annualized change in the Gross Domestic Product (GDP) and Consumer Price Index (CPI), in relation to the S&P 500.
The gray bars indicate recessions, as defined by the National Bureau of Economic Research (NBER), and not by the textbook definition of 2 consecutive quarters of negative real GDP growth.
= recessions
This chart shows the quarter-over-quarter, annualized change in the Gross Domestic Product (GDP) and Consumer Price Index (CPI), in relation to the S&P 500.
The gray bars indicate recessions, as defined by the National Bureau of Economic Research (NBER), and not by the textbook definition of 2 consecutive quarters of negative real GDP growth.
= recessions