Dollar Declines Like This One Are Exceedingly Rare

Look behind the rally since mid-October and you'll find two things: Falling rates volatility and a weaker dollar. I've been over both in these pages at considerable length. December was, of course, quite onerous for US equities, but counting January, three of the last four months were very kind to beleaguered stock investors. Bonds were the sponsor of 2022's market "event," so it's hard to say whether the drop in rates volatility or the falling dollar is to thank for the turnaround in stocks,

Try one month of our best daily market and macroeconomic commentary for FREE

Try for free

Or see other subscription options to save 20% on an annual plan

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints