Stock Markets Just Mirroring the Strength of the Dollar
Seeking Alpha contributing writer Karl Denninger has posted a series of graphs over the last week demonstrating the relationship between the dollar and the stock market.
Specifically, Denninger shows with a series of graphs covering different time-frames that every time the dollar strengthens, the S&P falls . . . and every time the dollar weakens, the S&P rises:
I am not predicting that the stock market will rise or fall in the near future. I am simply predicting that it will continue to be affected - at least somewhat - by the value of the dollar as against other currencies.
Disclaimer: I am not a professional in any industry related to investments. This is not investment advice, and you should not make any investment decisions based on the information or claims presented herein.
Comments
this is not new info...pundits have been saying this for months...
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