July 18, 2023, 11:29 am EDT
Dow Jones New High
Dow Jones made a new 52-week high today with +1% gains or 350 points at this moment. Although it lagged S&P 500 and Nasdaq by a wide margin, it is still a meaningful milestone to represent the full-scale bull markets for 2023.
Financials, materials, energy, industrials, and healthcare show their muscles today:
- Financials: SCHW +11%, MS +6%, BAC +4%, GS +3%
- Materials: MOS +6%, CF +5%
- Energy: APA +5%, CTRA +4%
- Industrials: ODFL +5%
- Healthcare: UNH +4%, AMGN +2%
This list provides a guideline to where to find investment objects for the second half of 2023. Improving inflation data, solid job markets, and booming consumer markets work together to extend one of the strongest bull markets since the beginning of the year 2023.
There are still other potential risks ahead. But, we have to sync up with bullish momentum at this moment until the conditions change.
