An indicator with a perfect track record shows stocks haven’t bottomed yet – and markets shouldn’t rule out a hard landing, BofA says
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* Only 30% of the firm’s bull-market indicators have been triggered, versus over 80% in previous market bottoms.
* In a Wednesday note to clients that the so-called Rule of 20 dictates that the sum of year-over-year CPI growth and trailing P/E has always been below 20 when the market bottomed. But right now, it’s sitting at 28.5, with P/E at 20 and the latest CPI showing an 8.5% gain.
* Those additional indicators that have usually occurred before a market bottom include Fed rate cuts, rising unemployment, the Sell Side Indicator flashing a buy signal, and a steepening yield curve, among others.
https://www.reddit.com/r/StockMarket/comments/wqtjiq/an_indicator_with_a_perfect_track_record_shows/

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