Don't Look Now, but a Top Recession-Predicting Indicator Is Making a Historic Move
Over multiple decades, investors would struggle to find a more consistent creator of wealth than Wall Street. But trying to predict directional moves in the Dow Jones Industrial Average (DJINDICES: ^DJI), S 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) over shorter spans is a guessing game.
Truth be told, there is no such thing as an economic indicator or predictive tool that can gauge, with 100% accuracy, which direction stocks will move next. There are, however, select data points that have strongly correlated with moves in the Dow Jones, S 500, and Nasdaq Composite. One such recession-predicting indicator is making a historic move right now, and it points to a very clear outcome for stocks.
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Source Fool.com
