The Dow Jones Industrial Average index’s 50-day simple moving average is about to overtake the Dow’s 200-day moving average, which shows the market is heating up as it makes its approach to 2018’s two record highs for the Dow in January and Sept 2018. But after breaking out and hitting its next record high the index has another correction due. It will be a reckoning with the inevitable end of the Federal Reserve‘s decade of artificially low-interest rates, and the Dow’s average P/E (price to earnings) ratio. As well as the usual disruptions from high tech 21st-century capitalism. The Dow
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