Death Cross Nears
The Dow is on the verge of an uber-bearish “Death Cross”
Highlights
The Dow is on the verge of an uber-bearish “Death Cross” with the 50-day trend line just 0.5% away from the 200-day line
Given the perfection that has been priced in, companies missing their EPS guidance have seen a sharper-than-usual decline in prices
German GDP fell in Q3, putting more pressure on the ECB’s tight monetary policy stance
We reflect on the situation before the 1987 crash, and the eerie similarities with today’s economy
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