Why the 'record high' on Dow Jones underwhelms...
Another day, another record high for a US stock market. Only the one seen on the Dow Jones underwhelms given it is not backed up by its own futures market, let alone its peers. We're also approaching end-of-month flows (which can prompt fickle price action). And keep an eye on the Nvidia earnings report on Wednesday (US) which can single-handedly drive sentiment on Wall Street.
Note
We saw the pullback ahead of Nvidia earnings, which shows that our suspicions of the earl-week (and marginal) record highs were right. Focus now shifts to GDP and US PCE data ahead of the weekend. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.