Today in early trade the US dollar fell sharply, A trend which has been going on for months and will not stop anytime soon-Meanwhile "dollar alternatives" are surging higher.
Cash also continues to make its way into the "perceived safety" of debt, with the US 10-year at a low for the year.
The plunging dollar value combined with exceedingly low interest rates is stock market positive for the meantime however, because there is no real price discovery mechanism which is sustainable with regard to equities, it is only a matter of time before we see a capitulation with regard to Stocks as well.
Gregory Mannarino
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