Commentary
Will a dollar decline be good for stocks? It is an interesting question, given that during 2022 there was a significant non-correlation between the dollar and the stock market. The strong dollar rally was something I suggested could be a problem for stocks, given what happened in 2020. It was a running debate with Michael Brush, who writes for MarketWatch. We enter 2021 with the $USD extremely oversold and the most negatively deviated from the 200-week moving average since 2018. Given the dollars contribution to the 2020 rally, we continue to watch for signs of life. pic.twitter.com/XiyHzyng9M
— Lance Roberts (@LanceRoberts) January 4, 2021…