I always keep an eye on the American stock market to figure out what's going on with the largest world economy. The stock market leads the economy, not the way around, because business first adapt, and then the economy grows.
Technical analysis showed that a reversal of the 2022 correction happened in October of that year. Since then, the indexes have gone up a lot. The economy should follow.
This isn't predicting, though - a close look shows that the biggest gains have come from the magnificent seven (you know them all) in the S&P 500. Many smaller companies haven't done so well. And an election is looming this year... 2024 is bound to be an interesting year.
I always keep an eye on the American stock market to figure out what's going on with the largest world economy. The stock market leads the economy, not the way around, because business first adapt, and then the economy grows.
Technical analysis showed that a reversal of the 2022 correction happened in October of that year. Since then, the indexes have gone up a lot. The economy should follow.
This isn't predicting, though - a close look shows that the biggest gains have come from the magnificent seven (you know them all) in the S&P 500. Many smaller companies haven't done so well. And an election is looming this year... 2024 is bound to be an interesting year.