Dollar could be the Big Winner Now
Yesterday we talked about the confirmation of a turn down in the long term Macro Waves of the S&P and Dow Jones Indexes. This may take quite some time to unfold as the short-term waves are still holding on to bullish inputs.
The dollar appears to the winner now as both the Yen and Euro look ready to resume their downturns.
Also, it would appear that T-Bonds will continue to do their base building as they wait for the effect of the dollar on stocks and the economy. Then a move up to 158 area on September Bond futures would seem likely.