Hi SherriT, one of the positive effects of a rising dollar is that it should reverse the global flow of funds into foreign markets that took place in recent years. The US "should" start attracting new funds. Another side effect is continuing weakness in commodity markets. While that's not good for commodity speculators, it's good for the Fed since it eases inflation pressures. That's helps parts of the U.S. market that are inflation-sensitive like consumer discretionary stocks like XLY.
Regards, frenchee
#board-4258TSP Trend Timing: EFA (I), TLT (F), SPY (C), and $EMW (S)
One half of the puzzle is now put together for a sustained bull run. Just now got to get the financials to outperform the S&P 500.
Up Big Since the Fed The S&P 500 is now up 3.67% since the 8/4 close prior to Tuesday's Fed Day. Below we highlight sector performance since then as well. As shown, Consumer Discretionary is up the most at 7.07%, followed by Tech (6.35%), Industrials (5.08%) and Health Care (3.79%). Energy, Utilities, Materials and Financials are up the least.
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