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‘Death cross’ portends more near-term losses for U.S. stocks, then rebound

NEW YORK: More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross. A chart pattern tracked by technical analysts and other market mavens, a death cross forms when an index’s near-term moving average of daily closing prices falls below its long-term moving average as both averages are declining. The 50- and 200-day moving averages are commonly used. On Friday, the S&P 500 Index .SPX, the U.S. benchmark for large stocks, joined the main…

Investors brace for 2017 shocks after surprise 2016 US run

NEW YORK: After a late-year rally fuelled by the US election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 per cent price gain for 2016 and around 12 per cent on a total return basis, including reinvested dividends. That tops the single-digit increase expected by market participants polled by Reuters a year ago, with more than half of the advance coming after Donald Trump's Nov. 8 presidential…