The Economy Just Did This for Only the 13th Time in the Past 85 Years; History Shows It Usually Leads to a Bear Market

The Economy Just Did This for Only the 13th Time in the Past 85 Years; History Shows It Usually Leads to a Bear Market

Key PointsMonthly nonfarm payroll growth has historically been highly correlated with broader economic trends.The February 2026 report was the fifth negative one in the past nine months; historically, that has occurred with almost every recession in the past 80-plus years.Year-over-year nonfarm payroll growth is close to turning negative, which has happened with every past recession.10 stocks we like better than S&P 500 Index › The February nonf…