Stock Market Weekly Update: Bulls Cheer Dollar Weakness

us dollar decline correlation asset prices rising chart year 2021

The broader U.S. financial market continues to benefit from a weak US Dollar. Equity bulls hope this trend continues…

The S&P 500 Index closed well over 4000 and the major U.S. stock indices are at (or nearing) all-time highs.

In this week’s stock market analysis video we cover a lot of ground, looking at key indices, indicators, correlations, and stocks we like. Here are our top takeaways:

– US Dollar inverse rollover and strong inverse correlation to just about everything recently makes it easy for risk assets to lift (see attached image)

– Technology was the strongest sector helping lead indices higher

– Over 1,000 NYSE weekly net 52-week highs made

The Trade Risk Weekly Stock Market Video

Twitter:  @EvanMedeiros

The author may hold a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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