5 Ominous Charts That Suggest the Dow Jones, S&P 500, and Nasdaq Composite Are Still in a Bear Market
Since this decade began, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC), have vacillated between bull and bear markets. Although all three major stock indexes rallied more than 20% off of their 2022 bear market lows, and they appeared to be in the midst of establishing a new bull market, a multitude of economic datapoints suggest the declaration of a new bull market may be a bit premature.
While forecasting short-term directional movements in the stock market with 100% accuracy is impossible, five ominous charts strongly imply that the Dow Jones, S 500, and Nasdaq Composite remain firmly entrenched in a bear market.
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Source Fool.com
