U.S. Money Supply Recently Did Something Last Witnessed During the Great Depression -- and It's Typically a Harbinger of a Big Move in Stocks
The last time this occurred was in 1933.

For the better part of the last two-and-a-half years, optimists have been in firm control on Wall Street. Throughout 2024 and the first seven weeks of 2025, we witnessed the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth stock-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) all rally to numerous record-closing highs.
However, the last six weeks have served as a necessary reminder that stocks can, and will, move in both directions.
Investors are constantly on the lookout for forecasting tools and correlative measures that can accurately predict short-term directional moves in the Dow, S&P 500, and Nasdaq Composite. While no perfect indicator exists, a small number of metrics and events have, throughout history, strongly correlated with moves higher or lower in Wall Street's major stock indexes.