Dow Jones vs FDAX

8 Mar 2022

Here's a comparison between YM(Dow Jones) and FDAX( german index); these two indexes have always followed a similar path being related to each other, as you can see in the graphic. We can see the FDAX had a significant drop this last few days due to Ukraine vs. Russia conflict, while the Dow Jones had a much smaller drop. We are in a context of possible war and uncertainty known as the worst market scenarios. That's why I think a dip in the YM to the level of 30k could be very probable.