This Stock Market Indicator Has Been 70% Accurate Since 2014. It Signals a Big Move in September.
The stock market is having a good year despite headwinds from sticky inflation and high interest rates. The benchmark S&P 500 (SNPINDEX: ^GSPC) has climbed 18%, notching more than three dozen record highs in the process. One reason for that momentum is excitement about artificial intelligence (AI). Chipmaker Nvidia accounts for nearly one-fifth of the…