Is a Recession Imminent? The Fed's Leading Indicator, Which Hasn't Been Wrong Since 1966, Offers a Clear Answer.

When examined over long periods, Wall Street's three major stock indexes – the widely followed Dow Jones Industrial Average, broad-based S&P 500, and growth-dependent Nasdaq Composite – have risen in value, without fail. But it's a far different story when the lens is narrowed to mere months or perhaps a few years.