November 18, 2024
We discuss key market movements ahead of the Federal Reserve's interest rate announcement on September 18th, 2024. We review three charts: the Dow Jones Industrial Average ($DJI), the Dow Jones Transportation Average ($DJT), and a comparison of the two. The $DJI is making new all-time highs, signaling a strong bull market, while the $DJT is forming an ascending triangle pattern, indicating potential volatility. We also note a divergence between the two indexes since December 2023, possibly driven by technological advancements like artificial intelligence.
