With an impressive 9-day run of gains, the longest in 21 years, US stocks have now fully bounced back from the April lows. Not so for DXY, the dollar index, which is still trading notably weaker Also of interest, and as illustrated below (Bloomberg charts), the dollar has depreciated today... 1 of 2 - ThreadSky

elerianm.bsky.social • 9 days ago

With an impressive 9-day run of gains, the longest in 21 years, US stocks have now fully bounced back from the April lows.
Not so for DXY, the dollar index, which is still trading notably weaker
Also of interest, and as illustrated below (Bloomberg charts), the dollar has depreciated today...
1 of 2

1 / 2

Comments

ripmywifi.bsky.social•9 days ago

Apollo group predicts recession by summer, supply shock first and then the layoffs that will follow. Is the market pricing that in?

grace2002.bsky.social•7 days ago

It's just retail #FOMO folks "buying the dip", pumped up by WH PR machine and probably a lot of seeding by Trump's friends at the right time (eg pre-market and after hours). TSLA manipulation extended to the Street. It's worrying; you can't hide this forever and we'll lose foreign investors' trust.

margotsibley25.bsky.social•9 days ago

Market is not. The House of Hedge Funds make it. More of a coincident indicator at this time. Leading indicator it no longer is

sbpnw.bsky.social•8 days ago

Temporary, I would think. And it seems to me that “the market” can’t figure out how to price in Trump’s psychological disorders, and therefore is constantly “surprised.”

seniormoment4.bsky.social•9 days ago

The S&P is partially coming back because the market is betting that Team Trump will continue to cave on the tariff nonsense.

The S&P would be about 6,300+ today if we had just hired the competent black lady to run the govt.

elerianm.bsky.social•9 days ago

... even though yields are higher across the board.
The bottom line is that the currency known historically as the “mighty dollar” is going through a rough patch that is fueling quite a debate about whether it’s primarily a cyclical or secular phenomenon.

#economy #markets #stocks #dollar

haleksandar.bsky.social•9 days ago

Perhaps underappreciated is foreign income of US corporates, tech. Foreign tax treatment of these has potential to prove material in this debate. Level of reserves indicates increased available USD liquidity. Underlying fundamentals are quite fluid and trends can reverse. No time for complacency.

greginma.bsky.social•9 days ago

Was it not a goal of Trump to devalue the dollar? There was something to the effect of wanting to replace it with a bitcoin type currency.

kraatz.bsky.social•9 days ago

Yeah it's called the Maralago Accord

margotsibley25.bsky.social•9 days ago

Nothing else makes sense. Trump is determined to Bitcon the World. Who will regulate that? Will enshrine have and have nots in a financial brothel of one night stands. Corruption will be rampant. Security nil. Utility never. It's a fools gambit. Bernard Baruch warned about Bitcon types

margotsibley25.bsky.social•9 days ago

Long ago. It's not the medium. It's the attitude. If people like Joe and Mabel r extolling a product's virtues wo full understanding of what they bless, it gets to be a mess.

zeruch.bsky.social•9 days ago

Given the extraordinarily destructive political winds, the only "debate" should be to what degree of negative impact the bond market will be affected and the dollar tarnished.

engineerhawk.bsky.social•9 days ago

‘Rough patch’ is doing some heavy lifting here.

marktucker33.bsky.social•9 days ago

Amazed that so many in media are saying "fully bounced back from April lows". SPX began selling off at 6140, when Trump started mentioning tariffs again. We are nowhere close to 6140. Forget "Liberation day", the damage began before then.

izzymcgray.bsky.social•9 days ago

Thank you!!! I just posted this point!!! Everyone bending the knee capitulating to this bullshit!!!!

izzymcgray.bsky.social•9 days ago

My portfolio has NOT recovered the losses incurred since the clown bamboozled his way into the White House. S&P down over 300 points since February.

tracy-r.bsky.social•9 days ago

It’s amazing how well “Biden’s stock market” is doing!

idviii.bsky.social•8 days ago

Working for a blue chip American company in Europe I can tell you the damage will not be exposed to the public until Q2 results are published.
There is no way forecasted earnings are back to where they were on April 1st. This is a retail rally and they will lose their shirts come autumn.

x3em.bsky.social•8 days ago

DXY will set a new High in late summer 2026

grace2002.bsky.social•7 days ago

Any forecast abt 2027 you can share?

x3em.bsky.social•6 days ago

2026 is Recession full year.
27 - stocks rally so USD should be down

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