Oh for goodness sake, Jamie Dimon announcing his retirement from JP Morgan caused the DOW to lose 61 of its -197 points last night.
Combined with Goldman Sachs, Home Depot, MacDonalds and Travellers, the five caused a 193 point drop on the DOW, with Microsoft and Caterpillar combining to add 76 points.
The Advance/Decline Ratio was an anaemic 0.33.
For comparison, in DOW equivalent points, the S&P and Nas closed +36 and +260 respectively.
Well done last night to Colli, Papa (see what happens when you don’t fall asleep lol), roam, debono and Champee.
Dex
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Monday 20th May, 2024, page-46
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