From Ben Morris, Editor, DailyWealth Trader:

History favors bulls…

Over the past 50 years, the S&P 500 has climbed an average of 6.5% a year, not including dividends.

So if you don’t feel strongly one way or the other, it usually makes sense to lean bullish.

But right now, one important indicator paints a bearish picture. And history backs up this view…

Regular DailyWealth Trader (DWT) readers know there are different ways to look at “the stock market.” The most common is the benchmark S&P 500 Index. It includes around 500 of the country’s largest businesses.

Bigger businesses employ more people and make more sales… So if you’re looking at the market as a gauge of the U.S. economy, the S&P 500 can work well.

But small companies are important, too. That’s why I like to check in on the Russell 2000 Index. Of the 3,000 largest publicly traded companies…