
Mel Brooks' classic movie “High Anxiety” featured a bumbling assistant who had a habit of thinking he could lift things he couldn’t. Each time he’d pick up something heavy, and shout, “I got it… I got it… I don’t got it!” Then he’d drop it.
That’s what I think of watching the Dow Jones Industrial Average ($DOWI) and the SPDR Dow Industrials ETF (DIA) in its psychological wrestling match with the 50,000 mark. After a blistering run in 2025 that saw the index leap from 40,000 to the doorstep of 50,000 in record time, the momentum has suddenly stalled.