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How well does the stock market anticipate the behavior of the economy? Plot on a monthly basis since 1972 the percent change from a year

How well does the stock market anticipate the behavior of the economy? Plot on a monthly basis since 1972 the percent change from a year ago of the Wilshire 5000 index (FRED code: WILL5000PR). Is the index a reliable predictor of business cycle downturns (depicted in the graph by vertical, shaded bars)?

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