Wall St ends down as investors await Fed's next steps
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- S&P 500, Nasdaq fall as megacap tech drags; Iran developments watched
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- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
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- Needham Starts NeoVolta (NEOV) at Buy
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- China makes small dent in deflation battle as supply-demand imbalance persists
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The golden cross could provide a bullish signal, usually shines when associated with recessions - BofA
February 6, 2023 9:01 AM ESTIn a research note last Friday, BofA's Stephen Suttmeier said that the "golden cross" could provide a bullish signal for US equities.
A "golden cross" is a bullish technical signal that occurs when the 50-day moving average (MA) moves above the 200-day MA.
"On 2/2/2023, the S&P 500 (SPX) triggered its 49th golden cross since 1928. SPX returns after a golden cross are the... More
