The dollar and bonds point to a more stable market following the disastrous and emotional decline of last Friday.
This morning the dollar is strong across the board. Global capital is flowing into dollars seeking opportunities. This is good news for equities.
Bond yields are slightly higher. Money is not moving into safe investments such as Treausry bonds and is willing to go into higher risk investments.
Bottom line: it looks like the financial markets are stabilizing.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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