Market Mayhem Starts As Nasdaq Closes Below 200-Day MA, While DBA Rally Strengthens

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Just a few days ago the US debt passed through the $39 trillion mark. Wholesale inflation figures came in at a 3.4% annualized rate for February, showing that inflation already was ticking up before the war with Iran began, before oil prices went over $100.

Now yesterday, both the DOW and Nasdaq closed below their 200-day moving averages, while the DBA ETF went through it’s high of last week to confirm its new stage two bull market.

Let’s look at that first, as it was one of the very few things up yesterday.