U.S. Money Supply Is Shrinking the Most Since the Great Depression. Does It Spell Doom for the Stock Market in 2024?
Predictions about how stocks will perform in the new year are already beginning to circulate. Some think the prospects should be good since the S&P 500 typically rises during U.S. presidential election years. Others foresee a mild recession on the way, which would likely cause stocks to fall.
But perhaps the most intriguing prognostications dive into especially arcane economic waters. Some point out (correctly) that the U.S. money supply is shrinking the most since the Great Depression. Does this spell doom for the stock market in 2024?
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Source Fool.com
