Change in Trend for the Dollar?...Consumer Staples a Win/Win Situation?
- The stock market is trading tick-for-tick with the Treasury market. However, at some point, it’s going to realize that yields are still extremely high…even though they’ve come down a bit recently.
- The dollar has actually declined since the crisis in the Middle East erupted. In fact, it’s showing signs of a change in trend. That should be positive for commodities and emerging markets.
- Given how oversold the consumer staples have become, they should be a win/win group…no matter what the eventual reaction is in the broad stock market to the developments in the Middle East.
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