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Markets. The dow, nasdaq and s p firmly in the green. It came down to one thing. A weaker dollar. The dollar has fallen for six Straight Days sitting at its lowest level since august. Is it really this simple. Its been weaker are dollar and stronger oil, too. They go hand in hand. Im still in the camp that were in a correction in the dollar. For the last month or so, ive been wrong on being long dollar. When i look back at the longer term, we had 18 months from 2014, to the peak in 2015. Where we had a 20 run in the dollar. Now, over the last 14 months, weve dropped 7. 8 or so. To me thats a correction. So somewhere around here, i thought it would hold 94. When i talk about the dxy, i thought it would hold that, but it hasnt. I think somewhere around here im going to be looking for a turn. Its very significant that the dollar does keep on this decline. For the market . I think significant for a lot of different reasons. First of al ....
The speaker of the house, nancy pelosi, asked as an attempt to postpone the state of the union. As it turns out, he still wants to come a week from tonight to deliver it as originally planned. The white house sent a new letter recently to the sergeant at arms here on capitol hill asking for a walk through the head every tuesday night speech. We dont know if the walkthrough is going to happen yet, but that does follow a trumpet tweet from this weekend where he said this. Nancy, i am still thinking about the state of the union speech. There are so many options, including doing it as per your written offer, security is no problem. My written acceptance, i will get back to you soon. In every way to see if the lucy pulls her invitation to speak to a joint session of congress altogether. I tried to ask her about this today and she said she just wants people to get paid. Presumably talking about furloughed federal workers. She also said there is one thing that has happened before democrats ar ....
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