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- The Dow Jones Industrial Average just saw a "death cross" that's regarded as a bearish signal.
- The formation involves a short-term moving average falling below a longer-term one.
- The last time a death cross struck was in March 2022. The Dow then fell 12% over a six-month period.
US stocks are on track for their best month since June, amid expectations the Federal Reserve may have reached the end of its interest-rate increases at a time when the economy remains resilient and inflation has moderated.