This Indicator Has Predicted Every Bear Market for 40 Years and Could Hint Where the S&P 500 Goes in 2024
The stock market has rallied hard over the past few months, fueled by optimism over slowing inflation. The Fed, or FOMC, also recently signaled potential interest rate cuts in 2024, which poured gas on an already hot market.
Lower interest rates generally favor stock prices, but there is a catch. Some deep research uncovered a pattern around the federal funds rate that has predicted every significant decline in the S&P 500, going back decades.
Here is why the Fed's actions could mean a bear market is coming, potentially next year.
Source Fool.com
