By Michael Every of Rabobank
30,000 Dow, 20,000 Leagues
Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000! Dow 30,000!
Did I mention Dow 30,000?
The Dow – she is slightly more than 29,999.
The Dow is 10,000 above the number in the title of Jules Verne’s classic early sci-fi novel ’20,000 Leagues Under the Sea’.
The above more or less captures the breadth and depth of financial market coverage of ‘key events’ of the past 24 hours. As often repeated here, this is not an equity-focused Daily. However, clearly a US benchmark equity index passing into a whole new “DOW XX,XXX!” baseball-hat territory is worth mentioning. A little. Even President Trump, in-between court cases that still have what some election law experts describe as a ‘Hail Mary’ chance of prevailing, held an emergency press...