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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

Stocks Rally with the Falling Dollar

Stocks Rally with the Falling Dollar

The US dollar, whether it rises on the news of a Chinese interest rate hike (Tuesday), or whether it falls on the news of more Quantum Easing is the puppet master to the stock indices these days. Today we rallied back almost what we lost on Tuesday as strong earnings reports, a falling US dollar, and less panic on the bank front sent stocks flying. Macro-economic events are triggering buy/sell programs daily and for traders it is best to be on the side of the electronic trading crowd. Thankfully, the algorithmic nerds are in the mood to buy right now so get on board until the music stops at the end of the month.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.