The Stock Market Just Did Something for Only the 7th Time in 45 Years -- and It Has a 100% Success Rate of Forecasting the Direction the S&P 500 Will Move Next
A rare event for equities may be just what's needed to stoke the flames of optimism on Wall Street.
For the better part of the last two and a half years, the bulls have been in full control on Wall Street. Excitement surrounding the rise of artificial intelligence, euphoria concerning stock splits in some of the Wall Street's most-influential businesses, and the resilience of the U.S. economy, have all played a role in pushing the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) to multiple record-closing highs.
But the stock market wouldn't be a "market" without the ability for equities to move in both directions.
The last eight weeks have been nothing short of a roller-coaster ride for the Dow, S&P 500, and Nasdaq Composite. During this span, all three indexes have logged some of their largest single-session point gains and declines since their respective inceptions.
