YM1! Is the Dow Jones breaking the downtrend again?
I believe there's a strong chance the markets are setting up for another move higher. From a fundamental standpoint, the recent pause in tariffs is a big deal. It removes an immediate layer of uncertainty that’s been hanging over the global economy, especially for exporters and multinational companies. On top of that, the fact that key tech products have been left out of the latest tariff actions is boosting confidence in the sector that has been leading market strength for years.
Economically, we’re still seeing resilience in key indicators. Unemployment remains low, consumer spending is steady, and central banks are staying cautious with tightening. The environment still leans more towards slow growth than recession, which supports equities over the medium term.
More importantly, my own criteria for a favorable market setup are lining up. Whether it’s sentiment, intermarket signals, or trend conditions—this looks like a solid spot for a bullish stance.
You can see my chart to check out my current viewpoint on the Dow Jones and how I’m positioning based on all this.
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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.