While the ever-rising DJIA is up ~11% this year and hovers not far off five-year highs, the Dow...
While the ever-rising DJIA is up ~11% this year and hovers not far off five-year highs, the Dow Transports dropped 5.9% this week, hitting its lowest level since June and down 2.2% YTD. “This is a major divergence that should not be ignored,” Peter Boockvar says. “It tells me the risks of being in the market at these levels are growing."
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