This Forecasting Tool Hasn't Been Wrong in Over 50 Years. Here's What It Says Happens Next to Stocks
The stock market has been anything but predictable since the start of 2020. Investors have navigated their way through the quickest bear market decline in history early in the COVID-19 pandemic, yet another bear market in 2022, and two periods where stocks have outperformed (2021 and the first half of 2023).
What happens next to the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC), is anyone's best guess... or is it?
Although there's no specific predictive tool that can call directional movements in the stock market with 100% accuracy, there are a handful of indicators and data points with phenomenally strong track records of doing so. One of these forecasting tools hasn't been wrong in more than a half-century, and it offers a very clear picture of what's expected to happen next to stocks.
Source Fool.com
