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Despite its ominous name, the death cross does not necessarily portend that the skies are about to fall; rather, it frequently precedes a near-term rebound with above-average returns
"All big rallies start with a golden cross, but not all golden crosses lead to a big rally," technical analyst Ari Wald of Oppenheimer has said.
After the last "death cross" struck the Dow Jones Industrial Average in March 2022, the index fell by 12% over the following six months.
After the last "death cross" struck the Dow Jones Industrial Average in March 2022, the index fell by 12% over the following six months.
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed Fed Chair Powell's hawkish testimony, another round of stron