The U.S. dollar has rallied since closing at a two-month low two weeks ago. Asset managers have been betting on the dollar’s continued decline. But this rally could make folks more optimistic. So, is the greenback ready to retake its 2022 highs? Or is this simply a short-term recovery that will lead to further downside? Matt breaks down the action on this episode of Making Money With Matt McCall and explains how it relates to your portfolio.
Matt is also on “Dow Watch.” Monday’s close marked the Dow Jones Industrial Average’s 11th consecutive up day – something that has only happened five other times since World War II. The market has traded well in the months after. So if history is any indication, we can expect good things from stocks through the end of the year and beyond. This is just one more reason why Matt is so bullish on the market today. Whether or not you too are bullish on stocks, this is an episode you don’t want to miss.
#stockmarket #investing #gold #oil #inflation
00:00 Market Momentum
2:57 Dow Jones Industrial Average on a Winning Streak
4:33 SPY vs. Russell 2000 Small vs. QQQ
6:49 Fed Special and Interest Rate Expectations
9:00 Debating Economists’ Predictions
13:49 The US Dollar and Its Impact on Investments
17:00 Correlation Between US Dollar, Gold, Oil, and Stock Earnings
22:12 Potential US Dollar Hedges
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