Even if mere mortals don’t know whether a second term as Fed chair for Jerome Powell would accelerate the schedule for interest rate increases, both the yen/dollar market and bank stocks know.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The thirty-second YouTube video “OPEC and the threat to green energy stocks” went up today.
Yes, the big indexes were down today, January 4, with the Standard & Poor’s 500 off 1.48% at the close; the Dow Jones Industrial Average down 1.25%; and the NASDAQ Composite lower by 1.47%. But I think we can find some clues about tomorrow’s action–and the moves over the next month or more–from taking a look at individual stocks and sectors.
The Dollar Spot Index (DXY) fell by 0.7% today to the lowest level in more than two years on the biggest drop in almost four weeks.