This Recession-Forecasting Tool Is Nearing Uncharted Territory: Here's What It Means for Stocks
The only certain bet on Wall Street over short periods is uncertainty. Since the start of 2020, investors have watched the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC), oscillate between bull and bear markets.
Although all three major stock indexes have meaningfully bounced off of their 2022 bear market lows, it's no sure thing that the rally continues -- at least based on one top-notching recession-forecasting tool, which is approaching uncharted territory.
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Source Fool.com