We asked traders if equities can keep riding the bull market
It’s been a rollercoaster ride of a week for U.S. dollar traders, who were still trying to catch their breath after the recent GDP- and Fed-driven collapse. Then they were hit by another whirlwind of economic data. We had encouraging unemployment data, but the Core PCE Price Index came out at just 0.1% m/m (vs. 0.2% eyed).
So we asked traders: Can U.S. equities maintain a bull market if the U.S. Dollar Index rallies through 100 and remains north of 100 for a significant period of time?