 Michael Burry tweeted this picture on January 23rd. He was referring to the years from 2000 to 2003, when the S&P 500 index dropped 39%, rebounded 25%, then dropped another 34% before the market finally hit bottom and started to recover. This is how it looked back then. This is how S&P looks today. You can see the similarities. Will the market drop from here? After analyzing more than 50 years of economic data, I found that the market can start to rebound from here if certain conditions are met. What are those conditions? Number one, month over month CPI is less than 0.3% for the next few months. Unemployment stays under 5% and the Fed stops the rate hikes between April and July of 2023.