Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here’s What It Means For Investors

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

The S&P 500 and Nasdaq 100 indices have formed a “golden cross” on their charts, indicating the possibility of a “long-term bull market,” according to the experts.

What Happened: According to an iShares MSCI World ETF (NYSE:URTH) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a “Golden Cross” for the first time since January 2023.

This comes as the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, also formed “golden crosses” on their charts.

Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two years.

Trending: GoSun’s Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Become an Investor in This $41.3M Clean Energy Brand Today

Historical data dating back to 1975 suggest that the formation of this positive technical indicator on the charts has led the S&P 500 index 88% of the time higher over the next year.

The average return after a “golden cross” was 12.29% in the last 50 years, as per the data shared by Subu Trade.

A portfolio manager at Revere Asset Management, Connor Bates, shared QQQ’s chart and highlighted how the securities have trended upwards after the formation of this cross in the last five years/

Meanwhile, Ed Yardeni of Yardeni Research said in his QuickTakes note that “those ‘golden crosses’ tend to be bullish breakout patterns, indicating the possibility of a long-term bull market.”

Source link

Visited 1 times, 1 visit(s) today

Related Article

Trump again calls for Fed’s Powell to ‘resign immediately’

President Trump again said Jerome Powell should resign immediately, repeating a call he made last week, and noted that “it’s OK with me” if Congress investigates the Federal Reserve chairman. The comments came as the president took questions during a cabinet meeting in Washington on Tuesday, One reporter asked Trump about accusations made by some

3 TSX Dividend Stocks With Up To 8.1% Yield For Your Portfolio

Despite experiencing significant volatility in the first half of 2025, the Canadian market has shown resilience, with the TSX reaching new all-time highs amid easing trade tensions and robust economic data. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for investors seeking to navigate uncertainties while capitalizing

President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, touting the event as “Liberation Day."

TACO Trump Makes Amazing Confession About His New Tariff Deadline

Donald Trump could spark more chaos and confusion in global markets after hinting that his latest deadline to impose major tariffs might once again shift on a whim. On Monday, Trump announced a sweeping new wave of 25 percent tariffs on more than a dozen countries, including key allies and trading partners such as Japan,

The question after Trump dictated tariffs for 14 countries: Where are the deals?

Markets and economic observers got set Tuesday for another day of Trump trade activity, with a growing question being when long-promised deals would materialize. Trump began the week promising a mix of “Letters, and/or Deals,” but with only the former in evidence so far after he sent unilateral declarations of tariffs to 14 countries Monday

Marco Rubio targets China for "abusing trade practices, stealing US technology, and flooding US with fentanyl"

No order to block X accounts of international news channels, says IT Ministry

New Delhi [India], July 8 (ANI): The Union Government on Tuesday denied issuing any fresh order to block the X handles of certain international news networks. Advertisement “The Government has not issued any fresh blocking order on 3rd July, 2025 and has no intention to block any prominent international news channels including Reuters and Reuters

Why is Donald Trump so afraid of BRICS? – DW – 07/08/2025

US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies — including Brazil, Russia, India, China and South Africa — warning that their push to undermine the US dollar’s dominance threatens America’s economic supremacy. Just as BRICS leaders convened in Rio de Janeiro for their annual summit, Trump on Sunday vowed to slap an additional 10%

0
Would love your thoughts, please comment.x
()
x