Investment Updates
S&P 500 Closes Near Record High Amid Growing Ebullience
Published Friday, April 12, 2019 at: 7:00 AM EDT
Signs of a change in investor psychology flashed brighter, as stock indexes on Friday edged closer to all-highs of September 2018.
This past week's cover of Barron's, a financial magazine, said the 10-year old market could go on for years, and Friday's headlines were similarly ebullient.
The S&P 500's 50-day moving average crossed above its 200-day moving average, forming a "golden cross," which market technicians believe is a bullish indicator. Golden crosses have given pretty good market signals and occur infrequently.
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