Is that the dollar higher? The pattern of late has been lower dollar/higher stocks.  The dollar continues its move to the upside today, its Friday, its month end. The earnings fears are gone mostly at least for most of the high flyers. The coronavirus bill is an impasse.  So why not go the other way in
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Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and
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The Fed sent a more dovish message at the July meeting, although the monetary policy, as well as the accompanying statement, stayed largely unchanged. Despite improvement of data flow, the members warned that the pace of recovery is depending on the developments of coronavirus pandemic. Fed Chair Jerome Powell at the press conference also reiterated
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