Tom Esaye Quoted in Market Watch on July 17th, 2023
As the Dow hits 2023 high, one of the oldest stock-market forecasting tools is making a comeback
Despite numerous warning signals from cross asset analysis, including the still deeply inverted yield curve, Dow Theory, which is one of the most historically accurate strategies to identify the primary trend in the stock market, is now saying the path of least resistance is higher for the first time since April of 2022, said Tom Essaye, founder of Sevens Report Research and a former Merrill Lynch trader, in a Monday note to clients. Click here to read the full article.
