Jeff Sica of Circle Squared Alternative Investments weighs in on 2020 trends from the rise of bitcoin and Americans borrowing money to buy stocks to new movies debuting via streaming platforms.
An unexpected rally in the U.S. dollar would torpedo the stock market's run into the record books, according to Wall Street analysts.
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The benchmark S&P 500 has rallied 66% off its March 23 low while at the same time the U.S. dollar index has dropped 12%.
The one threat to the risk-on trade is the “strong possibility of a countertrend rally in the DXY dollar index,” wrote David Rosenberg, chief economist and strategist at Toronto-based Rosenberg Research, noting a “strong correlation” between the strength in risk assets and the dollar’s weakness.
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The greenback has slumped to multiyear lows versus the euro, Japanese yen and Chinese yuan, among other currencies, as investors have prepped for unprecedented monetary and fiscal stimulus deployed to combat the sharpest economic slowdown of the post-World War II era.