VisualCapitalist.com’s Jeff Desjardins lists 6 signals that identify the movement of financial markets:

1. Decline in interest rates
2. Rising global debt
3. Increased company turnover on the S&P 500
4. Rising importance of environment, social, and governance factors to investors
5. Increased stock market concentration
6. Monetary policy changes

https://www.visualcapitalist.com/6-powerful-signals-reveal-the-future-direction-of-financial-markets/