This Market Indicator Is Almost Never Wrong, and It's Signaling Economic Growth for 2024
The world has had several years of economic upheaval, although the drivers keep changing. Store closures and lost jobs led to heavy government stimulus during the pandemic, leading in turn to accelerating inflation and rising interest rates. Higher costs and disrupted supply chains resulted in shortages and increasing price.
This year has started on a positive note, though, with the S 500 hitting an all-time high. Inflation looks like it's moderating, hardly anyone is even talking about a recession anymore, and the Federal Reserve may begin to cut interest rates.
With that multiyear saga in mind, there's one indicator of the economy that almost always suggest what's to come, and it's looking good right now. It's the state of credit card giant (NYSE: V).
Source Fool.com
Visa Inc. A Stock
With 50 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 280 € shows a slightly positive potential of 17.13% compared to the current price of 239.05 € for Visa Inc. A.
