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Stocks are trading close to 2009 highs, being helped along by a record steepening of the yield curve. Put simply, the gap between 10- and two-year US government bond yields on Tuesday hit its widest spread ever – 286 basis points, beating last week’s 276 basis points and the previous record set in August 2003 of 274 basis points. How to interpret this? Read on …. [...] More on this topic (What's this?) Message From The Yield Curve (Random Roger's Big Picture, 4/23/12) Market Readings for a Short Week (Scott's Investments, 12/28/09) The Yield Curve Points Higher (Short-Term Trading, 12/12/09)
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. [...] More on this topic (What's this?) Must Reads August 24, 2009 (Contrarian Profits, 8/24/09) Must Reads Friday, July 24, 2009 (Contrarian Profits, 7/24/09) FDIC Closes 24 Banks in July; Random Event or Wilting Economy? (The Value at Risk, 8/1/09)
“We are almost halfway through the dollar rally,” said Robin Griffiths from Cazenove Capital. His target for the US Dollar Index is 81 (currently 77.9). Griffiths also sees stock markets “topping” in March next year and suggests investors look at high yield sectors like oils, pharmas, telecoms and tobacco. Click through for the interview. [...] More on this topic (What's this?) Dollar Index to Move Higher (Comments for thetechnicaltake, 5/14/12) Dollar Index Technicals (Comments for thetechnicaltake, 11/9/09) The Dollar Has Further To Fall (Attitrade-Proactive Trading, 11/14/09)
“The US dollar is on a roller coaster. And since S&P downgraded Greece to BBB+, the dollar has been on the rise. One can attribute the recent shift in the dollar to many things – improving US economic conditions, return to risk, or relative weakness in other G7 countries, whatever. But what is clear, is that the dollar’s gaining some strength, 4.7% since the beginning of December on a trade-weighted basis. But this is not sustainable. As economic recoveries diverge (i.e., the G7 recovery is expected to be slower than that in key emerging markets), the dollar will likely fall. That’s just gravity, and a necessary condition for sorting out global trade flows,” said Rebecca Wilder in this guest post. [...] More on this topic (What's this?) The Death of the Dollar (Learn Mining News, 4/26/12) Will the Dollar Be Replaced As a Reserve Currency? (Investment U, 5/3/12) USD Rally Continues (Jutia Group, 5/9/12) | |||||||||||||||||||||||||||||||||
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