This Leading Market Indicator Has Never Been Wrong: Here's Where It Says Stocks Are Headed Next

When looked at over long periods, Wall Street is a bona fide wealth creator. But when examined over the span of months or a few years, the stock market can be quite unpredictable.

Since the start of 2021, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and growth-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) catapulted to new highs, plummeted into a bear market, and have now bounced back meaningfully from their respective bear market lows set last year.

The prevailing question is, what's next for stocks? According to one leading economic indicator that's never been wrong, there's a clear-cut answer.

Source Fool.com