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RE: DOW update 24.01.18

in #dow7 years ago

Thanks for the update on the DOW great to see the US index on Steemit.

I agree with you on the USD weakness driving the move higher for US stocks of late. However something interesting happened today that tells me that the open comment on the shift from the US treasury on the benefits of a weaker Dollar has actually scared stocks instead of fueling it higher.

What the market may be actually finally worried about is a repeat from 1987 as you can see Stocks where on a tear until the weakness in the Dollar was too much and their was crash. So this needs to be watched certainly.

20180124_EOD4.jpg

The other issue that will create a serious reversal in US stocks and bring the economy is Interest rates. The key target is 10 yr Bond yields that is creeping higher each week spelling trouble for the indebted US economy.

20180124_10Y1.jpg

2018 will be an interesting year for events on the market.

PS The charts are from Zerohedge.com

Cheers

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