This Recession Indicator Hasn't Been Wrong in 59 Years: Here's What It Says Happens Next
Headwinds appear to be mounting for the U.S. economy and stock market.
For the better part of the last two and a half years, the bulls have been in firm control on Wall Street. The mature stock-powered Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-oriented Nasdaq Composite (NASDAQINDEX: ^IXIC) all achieved numerous record-closing highs during the current bull market rally.
The catalysts behind this rally have been abundant and include stock-split euphoria, the artificial intelligence (AI) revolution, President Donald Trump's November victory, and the resilience of the U.S. economy. Unfortunately, the foundation of the U.S. economy may not be as strong as advertised.
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