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Search resuls for: "Saqib Iqbal Ahmed Lewis Krauskopf"


2 mentions found


☆ Wall St Week Ahead: Signs of market strength cheer U.S. stocks bulls
  + stars: | 2023-02-04 | by ( Saqib Iqbal Ahmed Lewis Krauskopf | Saqib Iqbal Ahmed | Lewis Krauskopf | ) www.reuters.com   time to read: +4 min
Among these are equities’ positive January performance, a "golden cross" chart pattern on the S&P 500 and more stocks making new highs rather than new lows. Such signals are far from the only indicators market participants use to make investment decisions, and they are not foolproof. JANUARY JUMPThe S&P 500 rose 6.2% in January, driven in part by hopes that the Fed will be able to contain surging inflation without badly damaging the economy. GOLDEN CROSSMeanwhile, chart watchers noted that the S&P 500’s 50-day moving average rose above its 200-day moving average on Thursday, a pattern known as a golden cross. However, when a golden cross has appeared as the 200-day moving average is declining - as it is now - the average 12-month return for the S&P 500 jumps to 16.8%.
☆ Wall St Week Ahead Signs of market strength cheer U.S. stocks bulls
  + stars: | 2023-02-04 | by ( Saqib Iqbal Ahmed Lewis Krauskopf | Saqib Iqbal Ahmed | Lewis Krauskopf | ) www.reuters.com   time to read: +4 min
Among these are equities’ positive January performance, a "golden cross" chart pattern on the S&P 500 and more stocks making new highs rather than new lows. Such signals are far from the only indicators market participants use to make investment decisions, and they are not foolproof. JANUARY JUMPThe S&P 500 rose 6.2% in January, driven in part by hopes that the Fed will be able to contain surging inflation without badly damaging the economy. GOLDEN CROSSMeanwhile, chart watchers noted that the S&P 500’s 50-day moving average rose above its 200-day moving average on Thursday, a pattern known as a golden cross. However, when a golden cross has appeared as the 200-day moving average is declining - as it is now - the average 12-month return for the S&P 500 jumps to 16.8%.
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