The Dow on Thursday 11th July 2019 set a new all time record to close at 27088
The last Dow milestone of 26000 was set in January 2018
Investors continue to bet on the U.S. Fed cutting interest rates in July.
The S&P 500 in contrast moved only slightly to hold at around 3000 – but also at an all time high! The NASDAQ fell to 8,196
On Wednesday 10th July, Fed chair Jerome Powell said the central bank was ready to “act as appropriate” to support U.S. economic growth, which was taken by investors to mean it would cut rates in July. The Fed’s comments have triggered much market enthusiasm.
If the U.S. markets and high employment are anything to go by – where is the problem?
Dow at 28000 anyone? Place your bets.
Is the Fed insulating stock from the trade war? Is the Fed, in a sense, protecting the U.S. economy against Trump’s tariff trade war?
If a trade deal between the U.S. and China is achieved soon, and if you combine a deal with the Fed’s latest indication of easy money – just where will the Dow go?
Will markets push up and will we soon see the Dow at 28000?