Dow Jones macro outlook · updated 12 November 2026
Is the Dow bullish or bearish?
As of 12 November 2026, the Dow scores 57 out of 100 on the WatchTower Terminal macro composite, a bullish read. The Dow Jones carries a composite score of 56/100 and a bullish macro bias. Resilient growth supports earnings, but stubborn inflation readings keep rate expectations elevated and cap equity multiples. Speculative positioning sits in the mid-range with no sign of crowding, leaving room for participation if growth narratives hold steady, though geopolitical and AI-rollout uncertainty remain near-term sentiment risks.
Composite score
57
Bullish
56+ bullish · 45 to 55 neutral · under 45 bearish
Reading of 12 Nov, 09:30 London
What is behind the number.
Current drivers
- Hawkish rate expectations cap equity valuations
- Recent inflation data beat consensus across major measures
- Resilient growth signals offset rate headwinds
- Uncrowded speculative positioning leaves room for upside
How this score is built
Published weights, not a black box.
Every index is scored on the weights shown here, on the same 0 to 100 scale as every other market, so a 56 here means what a 56 means anywhere else.
- COT level20%
- Earnings20%
- Bank research15%
- Seasonality15%
- Central bank15%
- Fundamentals15%
The rest of the board
Ranked strongest to weakest on the same scale.
About Dow Jones
Is Dow Jones bullish or bearish right now?
As of 12 November 2026, Dow Jones carries a bullish macro read, scoring 57 out of 100 on the composite. 56 and above reads bullish, below 45 reads bearish, and the band between is neutral.
What is driving Dow Jones?
Current drivers include: Hawkish rate expectations cap equity valuations; Recent inflation data beat consensus across major measures; Resilient growth signals offset rate headwinds; Uncrowded speculative positioning leaves room for upside.
How is the Dow Jones macro score calculated?
Equity indices run on their own published weights: cot level 20%, earnings 20%, bank research 15%, seasonality 15%, central bank 15%, fundamentals 15%, re-weighted over the inputs an index actually has. 56 and above reads bullish, below 45 reads bearish.
Where can I track Dow Jones in real time?
This page reads it live with no account. In WatchTower Terminal, Asset scores carries the live Dow Jones score and every driver behind it, alongside every G10 currency, metals and global indices, and Asset in full and Score history add the written read and the full history. The terminal is $10 for your first month, then $49 a month, or $490 a year with 2 months free. Cancel from Billing at any time.
Track it live
This is 1 number. The terminal shows the working.
Every component and the weight it carries, in Asset scores, with the history of how the score has moved, the positioning behind it and the research it came from. The terminal is $10 for your first month, then $49 a month. Cancel from Billing at any time.