Archive for the ‘news and notes’ Category
News and Notes
It is amazing how much has changed by 50 percent short weeks. Because i write this the Dollar Index stands at approximately 75.33. The dollar is gaining traction and looks like it’s locating a bid. (To prospects that do not necessarily speak investing language; this means it really is moving up and looks as it could be continuing for the reason that direction.) This obviously has implications throughout all asset classes and I will address some of these today.
To start with, the Dollar Index rising is apparently putting a serious halt on the recent run in commodities. The ten big real question is, does the correction soon stop along with the uptrend begin anew? While I’m a big believer in the long term commodity bull market, I think this correction could possibly be worse than some expect. Without creating a blanket statement because all people have different financial targets, portfolios, and risk tolerances; but if you might have some serious exposure with this sector you might like to speak to your financial representative and review things. When the Dollar carries on growing than we just might begin to see the Currency markets are available under pressure. (As I write this Wednesday May 11th, stocks they are under some pressure.)