Bearish Sign for Stocks as Majority Below 200-Day Average: Chart

(Bloomberg) -- A majority of global equities have fallen below their 200-day moving averages for the first time in 15 months, in a sign market breadth is weakening. Fifty-two percent of the members of the MSCI AC World Index are trading below the mean, a break beneath which is typically considered a bearish signal by traders.

To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.net.

To contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil Shirodkar, Matt Turner

©2018 Bloomberg L.P.