Dow Jones 'Death Cross' Sparks Recession Fears
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The Dow Jones Industrial Average just saw a "death cross" technical pattern involving its 50-day and 200-day moving averages.
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The death cross is seen as a bearish signal indicating a transition from a bull to bear market.
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The last death cross on the Dow was in March 2022, after which the index fell 12% over six months.
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The pattern has preceded most bear markets over the past 100 years, including 1929, 1974, and 2008.
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The Dow is up this November after falling the previous three months, but some experts still warn of a coming recession.