This Stock Market Indicator Has Been 86% Accurate Since 1984, and It Signals a Big Move in the Second Half of 2024
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The S&P 500 (SNPINDEX: ^GSPC) advanced 14.5% in the first half of 2024. That momentum was initially driven by rate-cut hopes. Investors entered the year thinking the Federal Reserve would cut its benchmark interest rate six times. But sticky inflation reset those expectations
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