Name: Weakening US dollar will push domestic stock market higher: Finance pro
Uploaded: 2020-03-10T23:21:41.000Z
Duration: 2 min 12 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of degree

Melissa, you saw the S and P 500 up nearly 20 points.

Adverbs of manner

We're only down about 10 points of the S and P five under, but I think we are seeing some profit taking.

We are seized reposition, going to queue for it if we get any type of optimism.

You're not You're not worried about some of the fundamentals?

Some of the charts in the markets, like the breakdown in small caps, a breakdown in transports, for instance, and financials are under only weak because they're at their beholden to where yields go.

Yeah, and I'm with you looking materials today.

Att industrials, they're certainly getting take out to the wood shed.

But I think fundamentally I think the market's still intact.

We look at a lot of 50 day to day moving averages.

Right now, the S and P 500 is dipping underneath after day moving average.

October. 00:00:58.960 --> 00:01:1.210  We call that October last year in 2018. 00:01:1.240 --> 00:01:2.360  I don't envision that. 00:01:2.360 --> 00:01:3.410  We're seeing volatility. 00:01:3.510 --> 00:01:5.140  The VIX is barely above 18. 00:01:5.210 --> 00:01:6.550  I think we're in a pretty good spot. 00:01:6.560 --> 00:01:10.830  I know that the dad of the manufacturing that comes out, but that's a month to month measuring.

We all know that global growth is weak, and that's why the Fed policy of the Fed put is put in place.

I think that Fed put is right around 28 50.

You still think that it exists, then absolutely 100%.

It's enough to offset global weakness and weakness coming here.

Well, it's a great point you bring up, but I think the biggest thing that no one's really talking about today what happened yesterday, what did the market ignore you?

Actually, it was the dollar index, the U.

President Trump certainly tweeted about that.

But that movement in the dollar that really does weigh on US equity.

See criticism Administration on the Federal Reserve will see a stagnant to weakening dollar that indeed, in itself, that weakening dollar.

We'll help push the stock marke here domestically, higher.

 I think we just have a little rocky road, mostly going forward. 