The Broad Market Index was down 5.05% last week and 57% of stocks out-performed the index. The last time USA corporate growth peaked at near the current level was in 2000 when sales growth was 20% and the gross profit margin was the highest ever having risen in the prior decade largely due to the labor cost benefit of globalization. Q1 2022 hedge fund letters, conferences and more 2000 – 2002 ExperienceGrowth was at an all-time high and falling more frequently in the third quarter of 2000. Stock indexes were unusually extended relative to bonds and index average price to sales was near 3X. Sha…