Weak Dollar Helps Bulls Erase Losses

Dollar Printing Press

After plunging early on, stocks are now looking at just a modest loss, following a very disappointing jobs report. What’s going on?

Well, the dollar came to the rescue — by weakening. A weak dollar has been tightly correlated with a strong market, and though we’re not yet higher on the day (we were briefly, and the NASDAQ is flrting with green), this is already feeling like a win for the bulls.

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