![]() ![]() If inflation continues to rise in 2023, it's possible that the environment could parallel the '70s in some ways. ![]() High oil prices also played a role in the back-to-back Dow drops in 19. OPEC's oil embargo caused an economic shock for the U.S., with the Dow tumbling then and into the following year. Although there are ongoing military conflicts in the world today (notably including the Russian invasion of Ukraine), it's fair to say that 2023 doesn't have a lot in common with 1940 or 1941.įast-forward to 1973. ![]() This sell-off occurred near the beginning of World War II. Next, we have the steep Dow Jones sell-off in 1940. economy enters a recession in 2023, most economists think it will be a relatively mild one. The next three cases where the Dow fell in the year after a big drop were during the early part of the Great Depression. ![]()
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