Barrons.com2d agoneutral
Macro Indicators at a Crossroads. Charts of Dow Industrials, Small Caps, 10-Year Yield Tell the Story.Interest rates, economic growth expectations, inflation trends, and credit conditions often determine which parts of the market lead and which fall behind. Dow Industrials trading near the very round 50,000 level is beginning to resemble a potential double top relative to the February peak. Bearish RSI divergence, marked by lower highs in April and May even as the Dow pushed upward, suggests upside momentum is fading.
