Richard’s Thoughts on Dow Theory Conclusions
Today was all about wars: trade wars and the military type. Russia is considering a ban on importing some US goods, and then of course there is an adamant China, still threatening to go toe to toe with Trump. Syria is off the front burner, but still gently bubbling on the back one, and could blow up at any time. Yet nothing is imminent on either front, so stocks started off on the plus side.
The Asia Dow rose 0.21%, the STOXX 600 rose 0.10%, and US shares opened higher. The Dow was about 150 points higher, but immediately sold off from there and traded in negative territory for the rest of the day. Down over 200 points in the last hour of trading, it rallied enough to close down just 123.
Fixed income markets benefited a bit from people not wishing to be too exposed to risk over the weekend, and ... Log in or subscribe to continue reading.
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