The stock run up I wrote about on Monday is taking hold.
Equities were up 1.25% and more on Tuesday with Wednesday’s futures showing another 0.75% jump. These moves come as the yen and yuan have been devalued on Monday and Tuesday overnight respectfully.
Precious metals were taken to the woodshed with gold losing $20 and silver down a bigger percentage.
It’s always good to look for currency manipulation in these markets, rather than believing that an economy is turning around.
Even the high-end retailer Tiffany is blaming currency wars in its earnings call on Wednesday. Strong dollar had the ritzy retailer miss on the top and bottom lines.