Dow Industrials SPDR (NY: DIA )
322.32 +1.48 (+0.46%) Official Closing Price Updated: 8:00 PM EDT, Mar 24, 2023 Add to My Watchlist
Headline News about Dow Industrials SPDR
Have We Seen The Top Of The Stock Market? Probably
May 19, 2021
A week ago, on Monday, May 10, 2021, the SPY was trading at the 422 level. Also on the same day, the Dow Jones Industrial Average 35,091.56. Since then, we haven’t traded even close to those levels.
The Dow Jones has been an outstanding performer among the three US indices over the last few months as the ongoing reflation trade helps to bolster many of its constituents.
After corrections and/or consolidations of the major indices, what do you think comes next. When we look underneath the hood of the market, it suggests higher prices, but it may not be an easy slog...
The reflation theme appears to have returned to center stage, encouraging investors to rotate away from pandemic winners and into cyclical sectors such as energy, materials and financials.
The total return certainly looks better 18 years later, but the real (inflation-adjusted) purchasing power of that $1,000 is currently 1,564 dollars above break-even, a real compounded annual return of...
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