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A Key Indicator Hasn't Looked This Good in Over 2 Years: Here's What It Means for Stocks

TheMotleyFool

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A Key Indicator Hasn't Looked This Good in Over 2 Years: Here's What It Means for Stocks: https://g.foolcdn.com/editorial/images/738259/woman-with-fingers-crossed-laptop.jpg

Looking at economic and market indicators these days might be depressing.

The yield curve is inverted. That historically means a recession could be on the way. The "Buffett indicator" shows that stocks are way overvalued, hinting at a potential downturn. Even the "cardboard box" indicator is flashing a serious warning for the economy.

But for investors looking for a ray of sunshine, one just broke through the clouds. The Bureau of Economic Analysis (BEA) released some important data on Friday, June 30, 2023. And there was some good news.

Source Fool.com