When do forex markets close? – CNBC 24 February 2017
The markets are closing at an extraordinary rate this morning as investors continue to bet that the global financial system will recover from the Brexit vote and the election of Donald Trump as the next US president.
The Dow Jones Industrial Average has dropped more than 500 points since mid-November and the S&P 500 has fallen more than 2,000 points, a stark reversal of a decade ago.
But the rally has not been matched by any meaningful decline in asset prices.
“The rally has been a fluke.
The markets have been on fire for more than a decade,” said Mark Sadowski, chief investment strategist at Sadowsky Advisors.
“This rally has happened on the heels of a very weak and unstable recovery.
This rally has never been sustained.”
Forex markets are closed at an exceptional rate this day – CNBC source CNN