The S&P 500 hit a new record high on Wednesday, while Treasuries continued to sell off after President Trump announced the tax plan framework, giving the dollar another boost against its major counterparts.
Owing to a stronger U.S. dollar, buck-denominated precious metals have fallen out of favor again. Both gold and silver currently find themselves in the red for the month of September with just a couple of trading days to go.
This couldn’t possibly be good for business. We are coming to the point where this group is going to boycott those products and that group is going to boycott these products. I heard Maria Bartiromo say with the decrease in ratings, the advertisers will be paying out less. That’s just the start of it because the horses really got out of the barn yesterday.