The Dow Jones has seen a dreaded 'death cross.' Here's what it means.
markets.businessinsider.com
After the last "death cross" struck the Dow Jones Industrial Average in March 2022, the index fell by 12% over the following six months.

  • The Dow Jones Industrial Average just saw a “death cross” that’s regarded as a bearish signal.

  • The formation involves a short-term moving average falling below a longer-term one.

  • The last time a death cross struck was in March 2022. The Dow then fell 12% over a six-month period.

My health insurance just jumped 10% - THANKS GENOCIDE JOE! Bidenomics is really winning here! Real FDR biden-leftist Maost progressive Dem!

Then you have Turbo maybe-later-honey like biaoqing-copium David Copium-man desperately trying to gaslight everyone this-is-fine

  • SacredExcrement [any, comrade/them]@hexbear.netEnglish
    8·
    1 year ago

    Yes. One of those people. Michael Burry, has been consistently wrong since then despite having what was a sound model for predicting that particular recession.

    To give a specific example of data analysis failing, back in late 2022, the 30 day moving average for the S&P 500 exceeded the 10 day moving average; the only other times in recent decades where that has happened, it was in 2001 prior to the dotcom bubble bursting and in 2008 prior to the mortgage bubble bursting

    But nothing like that has happened (yet?)