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

Two investors look at something on a clipboard in an office.

Attention, Nvidia Shareholders: 1 Crucial Thing to Watch in the Second Half

The first half was a bit of a roller coaster ride for Nvidia (NVDA -0.74%) shareholders. The stock slid almost 30% from the start of the year to early April amid a variety of concerns — from the future of artificial intelligence (AI) spending to worries that President Trump’s import tariffs would weigh on the

POCHEON, SOUTH KOREA - SEPTEMBER 30: An AH64 Apachi helicopter hovers during the South Korea and U.S. joint military exercise to commemorate the 63th Korea Armed Forces Day at the Seungjin firing drill ground on September 30, 2011 in Pocheon, South Korea. The exercise is intended to prepare the South Korean defence force for any potential action from North Korea. (Photo by Chung Sung-Jun/Getty Images)

South Korea Canceling AH-64 Apache Order A Sign Of What’s To Come

The TWZ Newsletter Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy. News has emerged out of South Korea that the country’s plans for a follow-on buy of 36 AH-64E Apache Guardian attack helicopters have been aborted. These aircraft would have joined 36 AH-64s already procured for Republic of

A money printing press.

2 Elite S&P 500 Dividend Stocks to Buy Now and Hold Forever

It’s nice to have cash deposited automatically deposited into your investment account on a regular basis. The S&P 500 (^GSPC -0.79%) includes some of the largest and best businesses in the world, and many of these companies can make solid income investments. Here are two S&P 500 companies that are offering much higher yields than

‘Extensive vandalism’ closes bathrooms at Miami County park

‘Extensive vandalism’ closes bathrooms at Miami County park

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience.Generate Key Takeaways Officials are looking for information after the bathrooms at a local park were vandalized. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks]

Starovoit’s body is removed after he was found dead in Odintsovo, outside Moscow.

Russian minister Roman Starovoit found dead after being fired by Vladimir Putin

The deaths have been treated with scepticism for years by Western observers who have seen Putin increase his power and personal wealth while wielding control over oligarchs and officials. Activist and former financier Sir William Browder, who revealed the Kremlin’s torture and killing of its enemies in the book Red Notice, estimated that Putin amassed

A person staring straight ahead with a depiction of a digital spinning wheel over one eye.

2 Hot AI Stocks to Sell Before They Fall 25%, According to Wall Street Analysts

Everyone has fallen in love with artificial intelligence (AI) stocks, and for good reason. But that does not mean investors should buy stakes in these companies and ignore valuation, which always matters in the long run. Plenty of AI stocks have soared by three-figure percentages in the last year. This makes them dangerous to buy

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