ARORA REPORT CALL IS FOR A HAWKISH FED CUT AND A HIGHER NEUTRAL RATE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hawkish Fed Call
Please click here for a chart of Dow Jones Industrial Average ETF (DIA).
Note the following:
- The chart shows DJIA has been down nine days in a row. This is the longest in over 40 years.
- RSI on the chart shows DJIA is oversold. Oversold markets are susceptible to a bounce.
- There are two reasons DJIA has been down while S&P 500 (SPX), S&P 500 ETF (SPY), and Nasdaq 100 ETF (QQQ) have held up. DJIA is a price weighted index.
December 18, 2024