The purpose of this document is to identify the effect of macro-economic indicators on performance of industries in the stock market in the stages of the economic cycle, so that it will allow us to align our investment portfolio for optimal returns.

This document is divided into 4 sections.

1. Market Performance

Key Observations

2. Economic Indicators

2.1 Inflation

2.2 GDP

2.3 Effective Federal Funds Rate

2.4 US 10Yr Bond Yields

2.5 Key Observations

3. Key Industries & Performance

3.1 Tabulation

3.2 Key Observations

3.3 Industry Trends

4. Resulting Investment Thesis

4.1 A Year After the Pandemic Hit

4.2 The Difference between COVID19 and previous recessions

All Docs

1. Market Performace: 2001-2021

2. Economic indicators from 2001-2021

3. Key Industry Trends

4. Investment Thesis