Is it safe to buy the Dow Jones index after rallying 20.4% over the past two months? Financial markets reacted joyfully to Jerome Powell’s speech at the Brookings Institution yesterday. More details can be found here. But to say that it is only the Fed, or its Chair, responsible for stocks moving higher, is incorrect. Take the Dow Jones, for instance. Below is the daily chart showing the price action focusing on [...] The post Is it safe to buy the Dow Jones index after rallying 20.4% over the past two months? appeared first on Invezz.
Author: Mircea Vasiu
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