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Earlier this week we noted the disconnect between the currency and stock market, with currencies selling off, all while stocks continued to march higher. We warned this could be a red flag for stocks and we’ve since seen this play out, after stocks came under pressure in a big way on Thursday. read report
The US Dollar has continued to extend its recovery, all while US equities continue to push record highs. There is a bit of a disconnect here that could be warning of trouble ahead for stocks, with US Dollar demand often reflective of flight to safety. read report
US equities keep charging to fresh record highs, getting plenty of fuel from recent Fed assurances and more optimism around the timing of a coronavirus vaccine. And yet, this most recent run up hasn’t been accompanied by a concurrent wave of broad based US Dollar declines. read report
September kicks off with the global reflation trade in full bloom, with everything racing higher against the Buck. The Fed’s new policy framework has led to an extension of the record run in US equities, and concurrent selloff in the US Dollar to fresh yearly lows, or just off yearly lows against most currencies. read report
Stocks have been on fire, with US equities extending their run of record gains, continuing to benefit from easy money Fed communications, while currencies have also extended their recent runs against the Buck on the lower for longer Fed policy outlook and ongoing soft Dollar policy efforts out of the US administration. read report
We come into the weekly close with most of the interesting price action happening in the world of equities, where US stocks have been leading the charge, extending their run of record highs. The moves come on the back of additional assurances from the Fed that it will be committed to its lower for longer strategy. read report
Last week we talked about a couple of strong trends in play, with stocks extending higher, while the US Dollar had been under pressure. But if we were going to see a shakeup in one of these trends, it wasn’t going to be a surprise that it would be on the currency side, given just how strong the uptrend in stocks has been…and for so long. read report
It looked like things were going to be heading in a different direction, with overextended trends showing some signs of wanting to roll over, but it hasn’t taken much time for all of that to fade away. As we come into Friday, US equities have bid right back up, while the US Dollar is back under pressure. read report
There haven’t been many eye-opening updates in markets this week and the story continues to be about blind momentum, with US equities pushing their record run and the US Dollar extending declines. All of this seemingly a function of central bank and government stimulus efforts, with an added twist of US administration soft Dollar policy. read report
There haven’t been many eye-opening updates in markets this week and the story continues to be about blind momentum, with US equities pushing their record run and the US Dollar extending declines. All of this seemingly a function of central bank and government stimulus efforts, with an added twist of US administration soft Dollar policy. read report
