Golden Cross Signals Potential Bull Market for Stocks
Global stocks are exhibiting bullish indicators as a "golden cross" has materialized on the iShares MSCI World ETF chart. This marks the first such occurrence since January 2023, potentially signaling the onset of a long-term bull market.
Key Indicators
The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF, which track the S&P 500 and Nasdaq 100 respectively, have also demonstrated golden crosses.
Historical Performance
Historically, similar patterns have often been precursors to substantial market gains. Data suggests that the S&P 500 has experienced an increase 88% of the time following the emergence of a golden cross, with average returns reaching 12.29% over the last 50 years.
Expert Opinions
Industry experts, such as Ed Yardeni, interpret these formations as bullish breakout signals, further reinforcing the possibility of a sustained bull market.
