This morning’s jobs report showed an unexpected drop in the unemployment rate, falling from 4.9% to 4.6%, putting the jobless rate at its lowest level since August 2007.  Thinking back to that period, most of us remember all too well what happened going forward as the S&P 500 peaked in October and ultimately fell more than 50% over the next year and a half.  This has led some to question, is today’s jobs report as good as it gets?

To help answer that question, we looked back at the S&P 500’s historical performance during prior periods where we saw a similar trend in the jobless rate as today. To see the report, sign up for a monthly Bespoke Premium membership and get 10% off for life ($89/month).