The S&P 500 Just Hit a ‘Death Cross.’

Sharing is Caring!

The S&P 500 has performed so poorly this year that it is now trading at a scarily low level. That usually presents an attractive opportunity for longer-term investors.

The market benchmark, down more than 11% for the year, just hit a “death cross.” That is when the index’s 50-day moving average falls below the 200-day number.

It’s a signal that something is up in the market, if anyone needed more evidence. In normal times, when stocks are rising, the average of recent prices is higher than the figure for 200 days because the longer-term figure includes levels when stocks were lower.

See also  DHS is using an encrypted online chat room to tell Mexico where to send illegals to cross the border to avoid TX National Guard and DPS officers.

Stock prices have fallen below their long-term trend as investors consider the current formidable risks to the economy. The Russia-Ukraine war has led to sanctions on Russia’s commodity exports that have reduced the amount of those goods on the global market, sending prices through the roof.

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.