An All-Important Economic Indicator Has Reversed Course, and It Has Potentially Major Implications for Stocks
Investing on Wall Street is a tale of two timelines. If you're a long-term-minded investor, you're likely well aware that the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) rise over long periods. What you might not be aware of is how unpredictable these indexes can be over shorter time frames.
The past two and a half years have been nothing short of a roller coaster, with the Dow, S 500, and Nasdaq screaming to record highs in 2021 and plunging into a bear market last year. It's left investors to wonder what's next for Wall Street.
The answer to this question might be found with an all-important economic indicator, which has recently reversed course and tends to fly under the radar of most everyday investors. I'm talking about commercial bank credit.
Source Fool.com
