This Economic Indicator Hasn't Been Wrong in 64 Years -- Is Its Flawless Streak About to End?
When examined over multiple decades, Wall Street's three major stock indexes -- the Dow Jones Industrial Average (DJINDICES: ^DJI), S 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- have been nothing short of rock-solid moneymakers. However, their performance over shorter periods can be no more predictable than flipping a coin.
After all three major indexes hit record highs in 2021, the Dow, S 500, and Nasdaq followed this phenomenal year up by plunging into a bear market in 2022. Wild swings in equities often leave investors wondering what's next for Wall Street.
Although there isn't an economic indicator or metric that can concretely predict where the major indexes will head with 100% accuracy, there are indicators, metrics, and probability tools with exceptional track records that may give investors who follow them an edge.
Source Fool.com
