Expect Dow to retest January record high

THE risk-on sentiment is back in full force once again with small-cap stocks leading the way. Since May, the Russell 2000 index had broken multiple new record highs and advanced 3.8 per cent above the prior record high in January. Most of the main equity indices have also resumed their uptrend with the Dow Jones Industrial Average (DJIA) being the laggard. The closest proxy to th…