Analysts at HSBC tested what’s called the “dollar smile theory” on this year’s manic move in markets. What HSBC found was that the dollar rose both on days the S&P 500 fell sharply, and on days it posted big jumps.
“What we do find is the dollar smile is not just a theoretical concept but does indeed work in practice,” said analysts Daragh Maher and Dominic Bunning. Measured using the DXY DXY, +0.35% dollar index, the analysts said the dollar rose 51% on days when the S&P 500 SPX, -0.81% fell more than 0.5%. The dollar rose 57% on days the S&P 500 fell more than 1.5%.
The dollar is also sensitive to big S&P 500 rallies. The dollar rose 59% of the time when the S&P 500 rose at least 2%.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
This ‘Nasdaq whale’ may have helped trigger the stock-market’s brutal routThe trigger for a seismic stock-market slump Thursday and Friday that has erased weeks of gains for a frothy U.S. stock market, may have been embattled... Little bounce early next week, and then the big sell-off. Get ready no no no. they’re an insignificant fraction of the names they’re in - let alone the market but the fake fear is welcomed. a great contrarian signal to power the market higher No, you have to blame a bunch of Robin Hood teenagers with $300 worth accounts, for a $4 billion tech bubble.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
European stocks rally, diverging from U.S. tech slumpEuropean stocks advanced on Monday, diverging from the U.S. after a rough week in markets. Heck yea gotta love those European green opens
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
European stocks rise, diverging from U.S. tech fearsEuropean stocks advanced on Monday, diverging from the U.S. after a rough week in markets.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
Here’s why the Dow plunged last week and what’s ahead for the stock marketA bout of volatility returned to financial markets with a vengeance last week, disrupting a nearly uninterrupted climb to records for U.S. stock indexes and... I’m an optimist, and I’d like to see the market fall in half. Mathematically, with rates at zero, all stock prices should be at infinity. Many traders are betting on this ridiculous notion. I think they are stupid.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
Warren Buffett Is Betting on Japanese Stocks. Here’s How You Can Too.His $6 billion investment highlights the opportunities to be found in an inexpensive Japanese stock market. Warren is comfortable with how Japan controls it’s media and doesn’t talk about how it treats the world’s whales and dolphins Business as usual. China is a better bet. wonder why
La source: MarketWatch - 🏆 3. / 97 Lire la suite »