Global S&P Futures lower in premarket
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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
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
