I don't think anything's really gonna happen there (the vote in Spain with Catalonia voting to separate from Spain) I mean pretty much everybody the EU is saying if these guys leave we're not gonna recognize them. Spain is saying that they don't recognize the validity of the election...so I doubt anything's gonna happen there but I guess all this uncertainty weighing on the Euro and that helped prop up the US Dollar which has continued to rise ever since the supposed bullish comments by Janet Yellen about hiking rates and shrinking the balance sheet. So now we're back up to about 93.50 on the US Dollar Index, gold back down about $1280 or so but I think the fundamentals are still there for the weak dollar I think this is all a bunch of noise.
Oct 3, 2017
Oct 2, 2017
International Stocks Beating U.S. Stocks
US stock markets were overshadowed by international markets thanks in large part to the weakness in the US dollar. The US Dollar did recover some of its losses in this closing week of the quarter. I believe again a bit of a dead cat bounce as I think the dollar is probably going to have its weakest quarter of the year in the fourth quarter.
Related trading instruments: Dax 30 Index, EuroStoxx 50 Index, Nikkei 225, FTSE 100 Index, HSI Index, Kospi Index;
Trump Tweets About The Record Highs In The Stock Market
Donald Trump was tweeting about the record highs in the stock market earlier this morning. Of course when we were having record highs under Obama it was a bubble and it didn't matter but now that it's his bubble it's now a bull market and it simply shows what a great job he's doing as President.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM)
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