Dollar Gains Seen Bolstering U.S. Stock Demand: Chart of the Day
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A rising dollar may help push U.S. stocks higher by giving international investors more incentive to buy, according to Michael Shaoul, chief executive officer of Marketfield Asset Management.
The CHART OF THE DAY displays the performance of the Standard & Poor’s 500 Index and the Dollar Index since 1994 in the top panel. The correlation between the gauges, based on the most recent 200 weeks of trading, appears in the bottom panel.