For the First Time in 23 Years, the S&P 500 Is Displaying an Ominous Warning to Wall Street
Regardless of how long you've been investing, the pace of change on Wall Street is something to marvel at. In 2021, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) were regularly notching off new all-time closing highs. Just one year later, in 2022, all three indexes were mired in a bear market and delivering their worst full-year returns since the global financial crisis.
This year, the script has flipped, once more. Though the Dow, which outperformed the two other major stock indexes in 2022, is effectively flat on a year-to-date basis, through May 29, the S 500 and Nasdaq Composite have surged 9.5% and 24%, respectively.
It would seem the bulls are, once again, running wild -- but looks can be deceiving.
Source Fool.com
