Editor’s note: The Wall Street Journal quotes an analyst at Conifer Securities saying the dollar’s strength is sapping the stock market. ‘This whole move is being driven by one thing and one thing only, and that’s the dollar,’ said Rick Fier. ‘It’s going to crush earnings. You’re not going to get any sort of outlook that’s any good.’ - Tom
end of note
Translation: A strong dollar is good for the consumer, saving them money and making their paycheck go further.
Therefore, it is bad for investors’ dividends, billionaires’ revenues, and our commissions.