One of the World's Richest Investors Just Sent an Ominous Warning to Wall Street
Every so often, Wall Street sends a not-so-subtle reminder to investors that the stock market doesn't move up in a straight line -- even if it seems like it does sometimes (looking at you, 2021!). Last year, investors navigated their way through bear markets for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. The latter remains more than 20% below its all-time high, set in November 2021.
However, all three major stock indexes have bounced decisively off of their late-September/early-October lows and roared out of the gate to begin 2023. It has retail investors and professional money managers wondering if the worst is behind us.
But not everyone's on board with the idea that the U.S. economy and stocks have found their footing.
Source Fool.com
