Dow Jones Industrial Average Tops 21,000 for First Time

The video discusses the differences between the Dow and S&P indices, highlighting the S&P's reliability. It explores market sentiment, implementation risks, and the impact of Congress and the Fed on rate changes. The discussion covers earnings growth, potential irrational exuberance, and consumer behavior post-Brexit. It concludes with insights into equity market dynamics, the reflation story, and the potential impact of Fed rate hikes.

What are the main concerns regarding the Dow index as mentioned in the text?

What risks are associated with the current market conditions as discussed?

How do share buybacks affect earnings growth according to the discussion?

In what ways have consumer behaviors changed post-Brexit according to the text?

What implications does the Fed's rate-raising policy have on the equity market?