After hitting record highs in recent days, the S&P 500 just flashed an indicator for more gains ahead. On Tuesday, the index’s 50-day moving average of 5,846.34 closed above its 200-day moving average of 5,837.96, a bullish technical pattern known as a golden cross. It’s the first time the indicator has flashed since February 2023….
There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…
Text size China in November saw an uptick in industrial output for the second straight month, government data showed Saturday, an encouraging sign for officials as they battle stagnant activity. Beijing has in recent weeks announced a slew of the most aggressive measures in years aimed at boosting growth in the world’s second-largest economy, which…