MOMO GURUS PREDICT DEMISE OF DOLLAR BULL RUN, CHINA DATA TEMPERS ENTHUSIASM FOR STOCKS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Dollar Predictions
Please click here for a chart of Dollar Index Bullish Fund (UUP).
Note the following:
- The chart shows that the dollar has dropped recently into the support zone.
- The chorus of momo guru predictions that the dollar bull run has ended is picking up steam again. Keep in mind that momo gurus tend to be perma dollar bears for several reasons.
- Stories of the dollar’s demise generate high viewership on television, high page views on the internet, and large subscription sign ups for newsletters.
July 17, 2023