Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

S&P Hits All-Time Record High As Russell "Death Cross" Looms

For the first time since July 2011's plunge, and with almost half its components already in bear market, the Russell 2000 looks set to experience a 'death cross' in the next few days (50-day moving average crossing below the 200-day). But don't look at that - the S&P 500 and Dow hit new record highs (despite market internals slumping) today ahead of the BABA IPO to keep the dream alive just a little longer ahead of tomorrow's quad-witching malarkey. Today's action was dominated by dismal housing data (demolishing yesterday's exuberance in homebuilders), Poroshenko's "Ukraine invasion" headlines, and hopes ahead of BABA and Scottish votes. USD down on the day, commodities down, bonds unch, stocks... UP.

 

Russell 2000 Nears Death Cross...

As market internals collapse...

ALL ABOARD??? Uhm, no pic.twitter.com/jBmi8553tU

— Not Jim Cramer (@Not_Jim_Cramer)