Bigger economic picture coming into focus
Looks like the bigger economic picture is coming into focus as stocks stopped and smelled the roses yesterday. I hope you found great intra-day deals as volatility might be slowing down a bit now. The focus is strengthening credit for the long run along with correcting the economy. For today, expectations are for stocks to go down so look for set backs in the economic recovery process to boost gains in stocks.
Bonds will be up today, continuing from yesterday. Look for more volume to come in as bonds could be a good buy long term.
It’s also a good time to be long on the Dollar as economic progress will bring it back up. The Euro/Dollar base pair is at an all time low against the Dollar and with the U.S. focusing on the Dollar recovering this might be a good moment to buy long term in favor of the dollar.