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Wednesday ended with a little “pump” to keep things
of the dollar seems irresponsible and unproductive.
It may help U.S. stocks since overseas
investors might view them as cheap in currency terms.
But, I don’t like it.
Clearly interest rates aren’t too high now.
Cutting rates further is just
We’re heading to the end of the month and there are
many vested interests needing things to look better.
Given the news, I’m surprised that
indexes are doing as well as they are.
But the tape tells a different tale thus far in February.
Today is GDP data and it will be interesting to see the
reaction to any kind of number.
Have a pleasant day.
Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, PSQ, IEF, GLD, DBC, DBB, DBA, DBS and EWZ.