THE BOUNCE: Global Dow Up 5% Since Mid-August, And Everything's Booming Today

A strong rally around the world today continues a strong bounce back since Mid-August.

Today the Dow is up 1.8% and the NASDAQ up 2.7%. Major European markets closed up over 2%, while most of Asia posted gains.

Since Aug. 19 the Global Dow is up over 5%. The Dow Jones Industrial Index is up over 6%. Have we seen the bottom? Note that we’ve already seen a bounce rally disappear this month. Note also that we’re still miles below July levels.

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.