<center>![](https://cdn.steemitimages.com/DQmd7HgnxnT1j1RP62iob2Q5tyx1pkPAao2JtFF4DrSx72m/image.png)</center>

Finally, the Dow has arrived to the party.  While the S&P 500, Nasdaq and the Rusell have arrived to the party in fashion already, making new all-time highs, the Dow was stuck in traffic.  However, this past week, the Dow finally made it to the party, reaching all-time highs as well. 

![](https://cdn.steemitimages.com/DQmPSJ9CYs5WYyrkVT1ciARNTGKTqXE9KMso6YHBMrVnt4z/image.png)

The Dow is up 2.3% this week which is the biggest weekly percentage gain since July. The Dow reaching new all-time highs since Jan. 26 high of 26,616 which was driven by moves in Boeing and Caterpillar. Boeing has gone nowhere for than six months and I even wrote about Caterpillar forming the death cross two months ago. 

<center>[Caterpillar Forms Infamous Bearish 'Death Cross' Pattern](https://steemit.com/money/@rollandthomas/caterpillar-forms-infamous-bearish-death-cross-pattern)</center>

The Dow joining the party shows it's not just tech stocks, but we are seeing broad-based buying. Financials, Materials and Industrials move the Dow and are up significant over the past month. 

<center>![](https://cdn.steemitimages.com/DQmetthraF7SP83cPK1Pyc4cjwWBWrUBACNXhCQtzYMKYD8/image.png)</center>

<center>[Source](https://stockcharts.com)</center>

>"The new highs are being driven mostly by solid economic data," Bell says. "The market seemingly priced in a much more dire situation with regards to tariffs, and given the lower-than-expected tariff rate, the market is moving higher."

>The bullish outlook for businesses and consumers has investors again betting on U.S. companies posting strong earnings when the third-quarter profit-reporting season gets underway in early October. Analysts forecast companies in the S&P 500 stock index to grow earnings at a 22 percent clip in the July through September quarter.

>Rising interest rates, which historically have been a trigger for market downturns, haven't yet caused investors to fear an economic slowdown. The Federal Reserve, which has raised short-term rates twice this year to a range of 1.75 percent to 2 percent, is almost certain to increase rates another quarter of a percentage point at its Sept. 26 meeting.

<center>[Source](https://www.usatoday.com/story/money/2018/09/20/dow-jones-industrial-average-hits-record-high/1366516002/)</center>

However, do you see what I see?

![](https://cdn.steemitimages.com/DQmdpJ1ePptrDGBzdYhnet1YNPfNXYE3f8sHrsyL3PrJwVc/image.png)

Some of the worst markets declines in history were preceded by low volatility, strong earnings, strong consumer confidence and bullish sentiment.

Let me give you a clue.

 ![](https://cdn.steemitimages.com/DQmefr6f7dEymAfzEsBjFWyv8DddJnbXEarsStNXmCVKwev/image.png)

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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