Dow Jones: 7th record since 12/13, ‘M’ bearish in sight?


(CercleFinance.com) – The Dow Jones rose from +0.15% to +0.3% and posted a 14th session of increase out of 15 (including 5 consecutive since last Thursday), with new absolute records recorded at 37,752).
This is the 7th record since December 13… but the gap compared to the previous zenith at the beginning of January 2020 (36,950) is only +2% and the S&P500 is still stuck below 3,800: it is therefore too early to comment on the disappearance of a risk of a historic double-top at 3 years – minus 1 week – distance (with rates increased from 0.25% to 5.25%).

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