Incessant Record High: Why DJIA’s Record Pulls the Rest Up Too
Yesterday’s story was that NASDAQ’s Mayday call had succeeded. Today the report goes further and calls an incessant record high on the way, DJIA closed at a record high Monday, and the thesis is that record highs never travel alone.
One record high in DJIA tends to pull S&P, NASDAQ, Russell, and PHLX into their own record-high runs behind it. The report points to precedent, 2017 under Trump’s first term produced 71 Dow record highs, 1995 under Greenspan produced 69, 2013 had 52, and 2014 had 38. On that reading, the Crimson Horse and Red Goat top this report has warned about since November has effectively passed.
The next test of that thesis lands Thursday, when SPCX’s restricted shares finally unlock. Textbook theory says more supply pushes price down, but the report is candid that markets don’t always follow the textbook, and a dip could just as easily pull in a wave of retail buyers still drawn to Elon Musk.
Underneath the record-high mood sits a real political problem. US gasoline prices are up more than 37% since the Iran war began in late February, and Trump is now publicly attacking oil companies for profiteering, turning energy costs into a live midterm liability even as Yen intervention keeps pressuring the dollar lower.
One record high rarely stays alone, but this one still has to survive Thursday’s lockup and a president running out of patience with gas prices.
Full report available via the download button below. Read previous US Stock Express editions here.
US Stock Express 20260805 incessant record high
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.