Stocks Post Modest Gains as Price Pressure Ease in Germany
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks this morning are modestly higher. Stocks are wavering...
Aluminum: Up or down?
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Dollar Gains with Bond Yields at Decade Highs
The dollar index (DXY00 ) on Wednesday rose by +0.36% and posted a 9-3/4 month high. The dollar found support from Wednesday’s stronger-than-expected U.S. Aug capital goods new orders report, which helped push the 10-year T-note yield to a 16-year high and strengthened the dollar’s interest rate differentials. Also, a...
Dollar Rallies on Higher Bond Yields and Weak Stocks
The dollar index (DXY00 ) on Tuesday rose by +0.20% and climbed to a 9-3/4 month high. Hawkish comments from Minneapolis Fed President Kashkari Tuesday supported the dollar when he said he expects the Fed to raise interest rates again this year. Also, weakness in the euro was bullish for...
Buy This Mining Stock Now for the Inevitable Copper Shortage
The decarbonization of the world’s power grids and auto fleets will drive up demand for copper, and investors should buy this top mining stock to take advantage as demand overwhelms supply.