Wednesday, December 28, 2016
12/28/16 Route 66-> US Indexes take a dive for the team!
This band reminds me of college friends from Japan or Taiwan who studied hard and socialized little during the week, but amazed me on weekends with their nuanced understanding of American counter-culture. I began to realize that what should amaze us is the degree to which our perspectives are shaped by the media (try listening with your eyes closed!). These five guys (the female singer remains mostly off-camera) are clearly having a great time cutting loose from day jobs, probably trading forex or something (but that would be just another stereotype). Very tight band!
DJIA -100 points, SPX -0.74%, Nasdaq -0.82%. With the media obsessed with 'Dow 20,000,' this is the kind of action we need to set up a real run to (and well beyond) DJIA 20,000.
Away from the US, the global markets continue to look positive. Brazil's iBovespa +1.88% today with its corresponding exchange-traded fund EWZ (Brazil) +1.21%, RSX (Russia) +0.62%, FXI (China 'H' Shares) +0.9%, EEM (emerging markets) +0.74%.