“The Stock Market has Predicted 9 of the Past 5 Recessions” - Paul Samuelson.
Nobody ever said stock market can see ACCURATELY in the future. Only God has that ability. But stock market actually does have a decent batting average in predicting future economic activity.
As for me, since I can’t see worth a damn in the future, I can only rely on historical behavior. That is why I have been posting for several moons that stock market is dangerously over-valued based on 100 year historical data. No one knows how extreme the market will reach in either direction, but eventually it tends to float towards past averages.