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Previous updates here looked at the prospect of the Dow Jones joining the S+P 500 and Nasdaq 100 indexes in falling into a Bear market this year. As you might know the index came close to that on Monday, when it fell to 36,111. To remind you: the Dow Jones will fall into a bear market if the index reaches 36,043. As you know the rebound yesterday to 39,426 later gave way to a low at 37,103 before the index later closed at 37,645. The opening outlook this morning is right now pricing the opening below 36,800, but it has been as low as 36,700. Granted, if it opens where currently indicated it will still be some 700 points away from reaching bear market territory., However, we know how easily this index can part with a 1000 points, or vice versa at the moment. Consequently, the index is certainly not immune to following those other two indexes and enter into a bear market. We shall see how this all plays out from here, when the Dow reopens in around an hour from now
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
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