Dow Jones Update 19 December 2025
DJIA doesn't buy the rally
The S&P 500 and NASDAQ rallied as US CPI came in significantly lower than expected. However traders and economists were, like lightning striking twice, in agreement that the numbers were totally cooked. What a disgrace!
Our preferred equities benchmark opened higher but gave up gains to end lower at 47,950, a fifth down day in a row.
45,000 remains the target for a pull-back but maybe we won’t see it until 2026 begins.