U.S. Money Supply Is Shrinking for the First Time Since the Great Depression, and It May Portend a Big Move for Stocks

Over the very long-term, no asset class has outperformed the stock market on an annualized return basis. But over shorter timelines, the performance of the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and innovation-driven Nasdaq Composite (NASDAQINDEX: ^IXIC), is no more predictable than a roll of the dice or flip of a coin.

Since this decade began, the Dow Jones, S 500, and Nasdaq Composite have bounced back and forth between bull and bear markets in each successive year. Though all three major indexes are well off of their 2022 bear market lows, volatility still rules the roost on Wall Street and has investors wondering where stocks will head next.

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Source Fool.com