From Jeff Clark in Growth Stock Wire:
By now, we all know everything is linked to the dollar – in an opposite sort of way.
When the dollar goes down, we get a rally in stocks, bonds, and commodities. When the dollar goes up, everything else hits a rough patch. So it's important to keep an eye on the greenback and to look for clues to when it's about to change direction.
Accurate predictions are always hard to make. But we've done pretty well forecasting the dollar moves here in
Growth Stock Wire over the past year. We turned bullish on the buck last September and then reiterated that bullish view in November. The greenback rallied 17% in seven months.
On June 8, we turned bearish on the dollar – within one day of the exact top.
Since then, the buck has...
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More on the U.S. dollar:
Everyone hates the dollar right now
Why fears about the dollar could be premature
The most important thing to read about the dollar all month