Wall Street has been hoping for to end 2016 with a real bang – with the Dow Jones over 20,000. But in the last week, with a very small deflection, the Dow Jones moved increasingly further away from the magic number.
Experts are unsure whether we can stay ourselves on the fact that the financial markets are accelerating in the last week.
I wouldn’t given it more than a 50 per cent chance, ” says Art Cashin, meglersjef in UBS to CNBC.
- It is difficult to say. Next week tends to be a seasonally better week, but I think part of the feast is taken out in advance considering the rally we saw after the presidential election, continues Cashin to the site.
He believes much will depend on how the oil price develops. Saturday morning is a barrel of Brent oil slightly above 55 dollars a barrel.
Others are more positive.
- a Lot are right that we should up a little, ” says Scott Redier in T3Live.com to CNBC. He believes that the Dow Jones has the muscles to reach the 20,000 before the end of the year.
” I think it is interesting that the biotec showed signs of strength on Friday, continued Redier to the site.
- It will help with thought on the subject to the rotation, where money moves around to keep the market in time. There are not many sectors within the Dow that have underprestert, so if biotec – who have been among the weakest, begin to pick up, is Dow an to get a good start on the new year.
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