From Yahoo Finance:

The stock market presents opportunities for long-term wealth creation, but recent trends suggest volatility may continue in 2024, with potential bear markets looming. The Conference Board Leading Economic Index (LEI), a reliable predictor of U.S. recessions, reported a 0.4% decline in January, marking 22 consecutive months of contraction. The LEI is down 7% year-over-year, sparking concerns of an impending recession. Additionally, the S&P 500’s Shiller price-to-earnings (P/E) ratio has surpassed 34, historically a sign of trouble for investors. Though a stock market plunge may be looming, history shows that economic expansions tend to outlast recessions. Patience and a long-term view may benefit investors despite market volatility.



Read more at Yahoo Finance: Are Stocks About to Plunge? A Recession Indicator That’s Never Been Wrong Weighs In.