Today US Stocks continue pushing at the all-time highs of January. We might even break through today.
The US dollar has been weakening the last couple of trading days as President Trump loudly complains that the Fed is working against him by raising interest rates. This dollar drop has helped gold and the other asset classes to recover from the heavy sell-off last week. Our models have recovered all of last week’s dip and then some.
Will the trip back to the highs bring out the sellers, or will Trump’s rhetoric embolden stock buyers for another leg up?
Time will tell.