Loading ...After this week, we will have a much better sense of where the economy is heading and if the recovery has reach mainstream. On Monday, the Case-Shiller Housing Price Index will provide a look into the cost of the house and if we are reaching a bottom. Tuesday is the big day, with GDP number and ADP unemployment. Both of those can be market movers.
Technically, the market is due for a correction. The dollar is also in need of a correction or at least profit taking before continuing to devalue. As the dollar strengthen over the next few weeks, expect the market to sell off. There is a clear trend of the dollar behaving inversely proportionately to the equity and commodity markets the last 2 years.
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