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The DOW has now risen 30 out of 35 days. This is a run not seen in over half a century! Inflation data on Tuesday was softer than expected with chances of an interest rate rise declining, adding support to the stock market.
As they say, blind Freddie can see it. Take a look at the steepness of lines A, B, C and D. Is it just me? Are the lines just getting progressively steeper? Any steeper and we will be abseiling vertically!
It is always nice to be surprised to the upside - or at least in an interesting or positive way.
The DOW had recorded its twenty-first record day for the year by Wednesday night.
I recently analysed two trades in this column and thought it was time for some ‘post’ review.
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