Following a record close on Tuesday’s session, the Dow Jones Industrial Average remains on an upward trajectory, trending just shy of the major psychological level of 20,000. Although there are many concerns about the post-election rally and the stability of the most recent gains, recent data shows that since the November vote, money has been pouring into US stock funds at one of the fastest paces on record. Stocks have now rallied for 6-straight weeks, notching one of the best rallies in years with Dow futures having increased 15.00% over the last 12-months with the majority of the gains arriving since November. In keeping with the optimism, the US dollar also hit a new multi-year high on Tuesday, with the US dollar index rising to fresh 14-year highs. Dow futures are experiencing momentum continuation on the session, trending just above 19,900.
US Stocks Reach Fresh Heights
Daily Analysis - 21/12/2016