05.10.2024 10:41:00
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U.S. Money Supply Recently Did Something for the First Time Since the Great Depression -- and It May Signal a Massive Move to Come in Stocks
For the better part of two years, the bulls have been running wild on Wall Street. In 2024 alone, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and innovation-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) all soared to multiple record-closing highs.But if history teaches investors anything, it's that the stock market rarely moves up or down in a straight line. Though there's no such thing as a forecasting tool that can, with 100% accuracy, concretely tell the future and accurately predict short-term directional moves in the Dow Jones, S&P 500, and Nasdaq Composite, it doesn't stop investors from trying to gain an edge.One such predictive tool, which thus far, has a perfect track record of correlating with sizable moves in the stock market spanning more than a century, is currently portending a massive move to come in equities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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