Will the Dollar Boost the Markets?

2 years ago
3

(9/27/22) Markets are set to rally this morning, as a big short-squeeze may be underway; the dollar is showing signs of weakness. The dollar's recent surge is being confined by technical measures over time: Prices can only move in one direction so far before reverting to their moving average or lower. Watching the dollar correct from its extreme deviation from the 50-DMA will not be surprising, and will be a big boost to risk assets. Energy and oil prices should also benefit. Markets are extremely over-sold, and investor sentiment extremely negative, markets are well-set up for a reflexive rally similar to what we experienced in June. As we've mentioned before, use any rally to sell off weaker stocks, reduce risk, and raise cash for a better day's opportunity.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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Articles mentioned in this report:
"The Big Short Squeeze Is Coming"
https://realinvestmentadvice.com/the-big-short-squeeze-is-coming/
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