Over the course of the past few weeks we've followed the demise of the U.S. dollar, largely predicting it would pull back even when most others were expecting it to recover as U.S. interest rates were rising. Our thesis was, in simplest terms, the greenback erroneously rallied in 2014 and 2015 — when interest rates weren't really rising — and...
Over the course of the past few weeks we've followed the demise of the U.S. dollar, largely predicting it would pull back even when most others were expecting it to recover as U.S. interest rates were rising. Our thesis was, in simplest terms, the greenback erroneously rallied in 2014 and 2015 — when interest rates weren't really rising — and...
By Phillip Streible, CNBC The greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings. With the dollar index trading below the 90 mark, near levels last seen in 2014, we've had several conflicting political messages and economic data that have really launched a...
By Phillip Streible, CNBC The greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings. With the dollar index trading below the 90 mark, near levels last seen in 2014, we've had several conflicting political messages and economic data that have really launched a...
In this past weekend's edition of the Weekly Market Outlook, we made a point of saying this red-hot market would only be even toying with the idea of a breakdown if and when the VIX managed to push above a major resistance line. Though we knew it would happen eventually, we didn't know when it might happen. It happened today....
In this past weekend's edition of the Weekly Market Outlook, we made a point of saying this red-hot market would only be even toying with the idea of a breakdown if and when the VIX managed to push above a major resistance line. Though we knew it would happen eventually, we didn't know when it might happen. It happened today....
– After the S&P 500's move above 2,850 this month, the stock market's next target is the 2,993 region – By Avi Gilburt, MarketWatch There is no question that our expectation years ago was that the S&P 500 was likely destined to strike 3,000 and beyond in the coming years. However, I certainly didn't expect it to strike that region...
– After the S&P 500's move above 2,850 this month, the stock market's next target is the 2,993 region – By Avi Gilburt, MarketWatch There is no question that our expectation years ago was that the S&P 500 was likely destined to strike 3,000 and beyond in the coming years. However, I certainly didn't expect it to strike that region...
Another week, another again… this one the biggest of the week so far. Not only are the bulls not backing down, they're gathering steam. It's an uncomfortable advance to be sure, with would-be profit-takers keeping their finger on the 'sell' button, knowing this hype-driven rally could crumble without notice. They also know, however, that the defiance of the odds has...
Another week, another again… this one the biggest of the week so far. Not only are the bulls not backing down, they're gathering steam. It's an uncomfortable advance to be sure, with would-be profit-takers keeping their finger on the 'sell' button, knowing this hype-driven rally could crumble without notice. They also know, however, that the defiance of the odds has...
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