Traders are returning to a booming market Monday as many records were made within a four-day period in the passing days.
With this positive news update the talk of Wall Street at the beginning of the new week, today we take a look at this record-breaking streak the markets have managed to stay on and what we can expect from them in the days ahead.
… And though there are many events occurring during the following week, including the usual earnings reports and market updates, today, in addition to the above, we’re going to take a look into what some are considering the biggest event of the week, the upcoming two-day FED conference where a decision on the future of the U.S. inflation rate could finally be announced!
DOW REACHES 35,000 FOR THE FIRST TIME IN HISTORY!
Last week’s markets left traders celebrating as the week rounded itself off with the DOW closing above 35,000 for the first time in its history! This unexpected milestone comes just days after the DOW suffered from its worst fall since last fall just this past Monday… decreasing 752.81 points!
Many on Wall Street continue to blame the recent decline in the markets on the updates coming out of the U.S. FED on inflation spikes as well as the continued spread of covid variants throughout the country.
Despite those concerns continuing to linger all over the trading world, this recent surge in the DOW managed to help the rest of the market rebound as well as 88% of S&P companies had reported better-than-expected profits in 2021’s second quarter and the NASDAQ also ending the week on a high note.
TRADERS AWAIT FED ANNOUNCEMENT
Tuesday, FED officials including FED Chair Jerome Powell are expected to hold their two-day meeting where they are expected to make a decision on current U.S. interest rates.
In a recent testimony to Congress, when discussing the details of a pullback stimulus Powell stated the FED doesn’t want, “to surprise markets or the public, so we will provide lots of notice as we go forward on that.”
LEARN MORE HERE…
If you’re like the rest of the DTI team, you’re always hungry for more information that you can use to make sure your investments stay above water in the days ahead.
That’s why we encourage you to join DTI founder and 40-year market veteran Tom Busby below as he discusses this past record-breaking week and how he plans to take advantage of the market’s current position in the days ahead!
P.S. – Don’t forget to join professional trader and longtime DTI friend Jack Carter for his latest webinar where he’ll be sharing the details of one of his most profitable investment strategies with you!