There’s one major catalyst that can be a wrecking ball in a potential bull market for stocks.
What’s going to stop a year-end rally?
I think if there’s anything that can stop it, it’s further strength in the US Dollar.
This summer, the markets have only reiterated the negative correlation between stocks and the US Dollar.
A little bit of dollar weakness over the past 6 weeks, or lack of progress to be more accurate, sparked a rally in stocks and crypto assets.
But as Dollar strength came back recently, the pressure on stocks and crypto has returned.
So let’s take a closer look. [Read more…]