This Economic Indicator Just Hit an All-Time Low; History Says This Is What Happens Next for Stocks

This Economic Indicator Just Hit an All-Time Low; History Says This Is What Happens Next for Stocks

Key PointsThe University of Michigan Current Economic Conditions Index has historically acted as a contrarian indicator for stocks.The highest forward-looking returns for the S&P 500 have come when the index reading is at its lowest.Since it just hit a new all-time low, that could be a good sign for the S&P 500 here.10 stocks we like better than S&P 500 Index › While the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq 100 indices are still near all-time hi…