This Stock Market Indicator Has Been Right 82% of the Time Since 1945. Here's What It Says Now.
The S&P 500 (SNPINDEX: ^GSPC) suffered its sharpest decline in five decades during the first half of 2022, tumbling 20.6% as recession fears rippled through Wall Street. But cooling inflation and better-than-expected economic growth have buoyed investor sentiment this year.
The S&P 500 skyrocketed 15.9% in the first half of 2023, notching its third-best performance in the last quarter century. And one stock market indicator says the index is headed even higher in the second half.
Here's what investors should know.
Source Fool.com