The Notorious Death Cross ☠️ The Daily Chart Report
Powered By:
Today’s Summary
Monday, April 14, 2025
Indices: Russell 2000 +1.11% | S&P 500 +0.79% | Dow +0.78% | Nasdaq +0.57%
Sectors: All 11 sectors closed higher. Real Estate led, rising +2.21%. Consumer Discretionary lagged, but still closed higher by +0.29%.
Commodities: Crude Oil was flat (+0.05%) at $61.53 per barrel. Gold fell -0.56% to $3,226 per oz.
Currencies: The US Dollar Index fell -0.14% to a three-year low of $99.64
Crypto: Bitcoin rose +1.04% to $84,583. Ethereum rose +1.69% to $1,624.
Volatility: The Volatility Index dropped -17.76% to 30.88.
Interest Rates: The US 10-year Treasury yield dropped to 4.384%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Adam Turnquist (@adamturnquist).
- The S&P 500 experienced its first Death Cross since March 2022 today as the 50-DMA crossed below the 200-DMA.
- Adam points out that the Death Cross hasn't been as deadly as its name suggests. The last Death Cross in March 2022 was a decent sell signal, considering $SPX fell another -14% before bottoming seven months later.
- Looking at all signals since 1950, $SPX was down one month later with a median loss of -0.7%. However, over the next 3, 6, and 12 months, the index was higher more often than not.
The Takeaway: The S&P 500 got its first Death Cross signal in two years today. Short-term returns have historically been weak, but generally speaking, the Death Cross hasn't been as "deadly" as it sounds.
Quote of the Day
“Are you long because you like it?
or
Do you like it because you’re long?”
- Mike Gelband
Top Links
The S&P 500 Just Experienced a Death Cross ❌ - The Daily Number
Grant Hawkridge breaks down how stocks have historically performed after a Death Cross signal.
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods highlights a few noteworthy developments to watch this week.
Easter Seasonality - Bespoke
Bespoke looks at how stocks have historically performed around Easter.
Two Crypto Non-Tops - The Strazza Letter
Steve Strazza highlights two potential failed breakdowns in the Crypto market.