Dow Finally Hits 20,000

By Tyler Durden

The Dow Jones Industrial Average has risen over 2,000 points since the pre-Trump lows and finally smashed its way through 20,000 for the first time after treading water for 28 days. Infrastructure plans and executive orders appear top have scare buyers back into the stock market (even though other Trumpflation indicators remain unimpressed). Of course the big driver was Goldman Sachs, which accounts for over 20% of all the gains by itself…

28 days going nowhere but finally we break it…

The biggest ‘dip’ since Trump’s victory has been 1.3% and the last month has seen the lowest trading range for The Dow in history…

Dow 10 and 15k saw the market oscillate around that level for 6-12 months… (as Art Cashin noted we crossed Dow 10k 57 times before finally leaving it behind)

Since The Fed hiked rates, VIX has collapsed to a 10 handle and the lowest level since July 2014, but the market has trod water for 28 days unable to break Dow 20k until the last two days rampathon…

Bear in mind that The Dow had gone nowhere since Nov 2014 until the election…

Interestingly, while the reasoning for this 2 day surge is …read more

Source:: ZeroHedge