|Thursday, January 27, 2017|
SPX Flat, Dollar Up, Crude Flat
Well, there it is, Dow 20,000 has finally been achieved. For the market to focus on a specific task, signals the trade is heavily one-sided, doesn’t usually end well. Also, Dow 20,000 is merely an illusion of prosperity produced by the corporate media during a period where wages/salaries growth and average weekly working hours are in decline. The chart below depicts Making Wall Street Great Again, as Making America’s Middle Class Great Again hits a two year low on wages and salaries growth.