According to The Kobeissi Letter, following the 2020 surge in the US economic policy uncertainty index, the S&P 500 saw a significant rally of +63.3% over the next 12 months. This indicates a historical trend where significant spikes in uncertainty can precede substantial market recoveries.

According to The Kobeissi Letter, the US economic policy uncertainty index recently reached its highest level in history. Historically, following the 2020 uncertainty surge, the S&P 500 experienced a rally of +63.3% over the subsequent 12 months, indicating a potential pattern of robust market recovery post-uncertainty spikes.