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The Relentless Highs
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Armstrong Economics
As you’ve often said, when the Dow leads the NASDAQ, it is typically a sign that institutional and foreign capital is moving into the market.
Socrates called the July low, and the Directional Change during the week of July 27 turned the market back up.
You have also explained on your podcasts that when geopolitical tensions intensify, foreign capital tends to seek the relative safety of the United States.
You were also correct in calling both the July turning point and gold’s decline despite heightened geopolitical tensions.
What is Socrates saying now about where the Dow and the broader markets are headed from here?