Greenback strength bolsters stocks

The stock run up I wrote about on Monday is taking hold.

Equities were up 1.25% and more on Tuesday with Wednesday’s futures showing another 0.75% jump. These moves come as the yen and yuan have been devalued on Monday and Tuesday overnight respectfully.

Precious metals were taken to the woodshed with gold losing $20 and silver down a bigger percentage.

It’s always good to look for currency manipulation in these markets, rather than believing that an economy is turning around.

Even the high-end retailer Tiffany is blaming currency wars in its earnings call on Wednesday. Strong dollar had the ritzy retailer miss on the top and bottom lines.


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