Again, I want to remind readers about the U.S. dollar....A Dollar Index break of 83.25 will augur a real move higher.
Today's U.S. Retail Sales figures increased 1.1% along with an upward revision to last month's figures of 0.2%.
See the spike on the DIXY at the moment these numbers hit in the chart below. You have to pay attention to the Dollar. It's the most important macro signal of all and from there follow rates, commodities, then global stocks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
