HomeMarketsCurrencies & CryptoU.S. Dollar Strength: Sharper Double Edged Sword

U.S. Dollar Strength: Sharper Double Edged Sword

Major indices are higher after markets try to rebound from a rough September and quarter. "Mega cap stocks are starting to roll over so the stock market today is not getting a lift from big tech. A lot of pressure is coming from economic data like Jobless Claims and Construction Spending. The discrepancies are forcing the Federal Reserve to be more hawkish. They are not looking for a stable unemployment rate. With the U.S. Dollar, it can be somewhat of a hedge against inflation. The bad news will be seen in corporate profits and the earnings season," says Kevin Gordon.

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03 Oct 2022

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