October 5, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Dollar And ADP

Please click here for a chart of Bullish Dollar ETF (UUP).

Note the following:

• In prior capsules, we shared with you several reasons that were coming together to cause the big rally of the last two days.
• With the benefit of hindsight, it is becoming clear that the biggest reason for the rally in the stock market was the pull back in the dollar.
• The trendline shown on the chart shows a relentless rise in the dollar.
• The chart shows that over the last several days, the dollar pulled back.