This continues to survive an intermarket human relationship that I watch: of late, the U.S. dollar has shown strength, fifty-fifty every bit stocks hover almost bull marketplace highs. We've seen novel 20-day highs expand to over 1400 on Monday, amongst small-scale caps picking upwardly about relative trace together with solid activity inwards the advance/decline line.
During much of the bull motion from March, nosotros saw potent stocks accompanied past times a weak dollar, every bit depression involvement rates inwards the U.S. pushed traders together with investors into gamble assets. That authorities appears to convey shifted, every bit to a greater extent than favorable economical tidings has been accompanied past times theatre stocks together with a firmer dollar, amongst rates on 10-year Treasuries similar a shot higher upwardly 3.6% (up from 3.2% at the terminate of November).
If so, that should augur good for bulls early on inwards 2010.
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