This Bull Market Indicator Has Been Right 82% of the Time Since 1950. Here's Where It Says Stocks Will End the Year.
If the trailing two years have taught investors anything, it's that Wall Street can be fickle. We witnessed the timeless Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and growth-stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC), climb to multiple record-closing highs in 2021, plunge into a bear market in 2022, and now bounce strongly during the first half of 2023.
Volatility of this magnitude can be enough to push some investors to the sidelines, while others are left to question when it'll end and where stocks are headed next.
Truth be told, there is no such thing as a perfect economic indicator or market metric that'll always correctly predict what's going to happen next with the stock market. There are, however, indicators and metrics with phenomenally strong track records of forecasting the future. One such bull market indicator offers a pretty big clue as to where stocks are headed for the remainder of the year.
Source Fool.com
