Have you ever noticed how the S&P 500 tends to hit its lowest point before the economy does? This fascinating phenomenon, as researched and written by Michael Cembelast from JP Morgan, is one of our focal points today. We'll dive into several past recessions, starting from the mid-1950s, to illustrate this trend. Together, we'll revisit significant events like the 1987 stock market crash and the dot com era, to better comprehend current stock market trends.

Then, we'll discuss the S&P 500's current forward PE ratio and contrast it with historical levels. As we examine the influence of high-risk and high-growth stocks on the market, you'll appreciate why investing in the stock market could be a shrewd move, even when certain stocks are underperforming. And, just to keep things light, we'll also speculate on how the upcoming NFL season might impact the stock market. Tune in and enjoy this unique blend of finance and sports chatter.