Original article by David Rogers
The Australian – Page: 19 & 31 : 4-Aug-17

Sharemarkets in Australia and Asia closed lower on 3 August, despite the Dow Jones Industrial Average reaching the 22,000-point milestone. The Dow Jones has gained 20 per cent since the US presidential election in November 2016, and much of this can be attributed to a rise in stocks that have exposure to global economic growth. However, the upbeat sentiment on Wall Street has not been reflected by the Dow Jones Transportation Average Index, which has fallen close to its 200-day moving average. A significant divergence between the two indices has often signalled a pullback in the past.

CORPORATES
DOW JONES INDUSTRIAL AVERAGE INDEX, DOW JONES TRANSPORTATION AVERAGE INDEX, SUNDIAL CAPITAL RESEARCH INCORPORATED, EDWARD JONES AND COMPANY, CMC MARKETS PTY LTD, STANDARD AND POOR’S 500 INDEX, APPLE INCORPORATED, BOEING COMPANY, McDONALD’S CORPORATION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, KOSPI INDEX, STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, SUNCORP GROUP LIMITED – ASX SUN