To The Moon

Stepping into a new year, investors have a lot to be thankful for. In 2024, the iconic Dow Jones Industrial Average, benchmark S&P 500, and technology-driven Nasdaq Composite all reached multiple record-closing highs.In no particular order, the two-year (and counting) bull market benefited from:Artificial intelligence (AI)Stronger-than-expected corporate earningsContinued U.S. economic growthThe election of Donald Trump for a nonconsecutive second termExcitement surrounding stock splitsBut on Wall Street, attention is often focused on where we're headed rather than where we've been.Although there's no forecasting tool or data point that can, with 100% accuracy, predict directional moves in stocks or the broader market over short periods, there are events, predictive indicators, metrics