Dow Jones 'Death Cross' Sparks Debate On Market Outlook
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Dow Jones Industrial Average recently notched first "death cross" signal since March 2022, seen as bearish by some analysts.
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Death cross occurs when 50-day moving average falls below 200-day moving average.
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While often seen as bearish, some argue death crosses can signal buying opportunities during bull markets.
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Going back to 2000, Dow up average 8.1% one year after death cross, 4.6% after 3 months.
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Dow up 3.6% year-to-date, but up nearly 20% from late September 2022 low during selloff.