Daily Archives: Apr 13, 2018 at 07:46 am EST

How Long Will The Stock Market’s Momentum Party Last?

Is a death cross near? Yes, according to David Rosenberg, chief economist and strategist at Gluskin Sheff. Citing a laundry list of reasons for this year’s revival in market volatility, he told CNBC this week that the S&P 500’s 50-day average may soon slip below its 200-day average – a so-called death cross that market technicians say would signal a bearish shift for the market outlook.
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Macro Briefing: 13 April 2018

Defense Secretary urges caution on possible military strike on Syrian: NY Times
Trump says US may rejoin Pacific trade pact: Reuters
Russian lawmakers propose ban on list of US imports: Reuters
US jobless claims drop by 9000, close to 45-year low: MarketWatch
Import price index for US was flat in March: MarketWatch
Weak foreign demand for Treasuries raises concerns on rate outlook: Bloomberg
Q1 earnings season starts on Friday with releases from banks: CNBC
IEA: OPEC’s plan to eliminate oil glut succeeds: Bloomberg
Eurozone industrial output fell for a third month in Feb: RTT
Pension crisis for state governments deepens: Pew Charitable Trusts
California to vote on breaking up into 3 states: Mercury News