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Dow Jones Technical Analysis - Watch what happens at this key support
Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the Dow Jones just keeps on falling with very shallow pullbacks. One of the main reasons might be the non-stop rally in long term yields and real yields as it makes financial conditions tighter ultimately weighing on the stock market. The good economic data might also be interpreted as bad news because inflation might rema...
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Posted: Aug 17 2023, 06:27
Author Name: forexlive
Views: 110687