Sunday afternoon
January 29, 2023
Hello everyone,
Happy Monday to you all.
It’s Fed week. So, the markets may dance around the same spot until the announcement.
Djokovic makes it to the NO. 10 Australian Open title.
A pity fresh blood couldn’t take the Cup this year.
Let’s talk about the U.S.$.
The U.S.$ surged in 2022 with the dollar index hitting a peak of 114.78 in September. At the same time, stocks have sold off due to the dollar strength, its impact on U.S. Treasury yields, and what it may mean for companies with a global footprint. Since September the dollar index has slipped and is now nearing a pivotal range. It could be argued that the DXY is now showing downside exhaustion based on weekly candle sessions, and it’s into what should be long-term support around 100-102.
History shows how big moves in the dollar can impact the whole stock market. CNBC studied the five biggest monthly gains in the Dollar Index in the last five years, and the S&P 500 posted significant losses in all but one of them.
If the dollar does bounce, let’s see if stocks can hold on to the recent gains. If they can it may be a sign that the rally has legs. If the market turns its nose up at the $ Index, watch out below!
Now for something completely different. The Australian of the Year is Taryn Brumfitt, a South Australian writer and film director, who is also a body positivity advocate. Voices are nattering in the media and online about whether she deserved it. What do you think?
Who should have been Australian of the Year if not Taryn?
Why do you think they picked her?
Why is she deemed unsuitable?
I think being a body-positive advocate would be incredibly hard. You are fighting against every media stream there is which focuses on showing unrealistic images of women that are followed by the easily influenced.
The dark side of the media – that is all media including social – is harmful to the unsuspecting individual, who endeavours to mirror images seen and share them with the world. It has a spiral effect.
The media is powerful and I think it would take more than one person one year to shift ideas.
Do you know your heritage? John told me that he has done 23and Me. Apparently, he is Italian mostly, but also has French, German, English, Irish and North African, and Cherokee Indian among others.
Do you know your roots?
Have a wonderful week.
A new month is upon us on Wednesday.
Cheers,
Jacque
Don’t Wait for Opportunity, Create it.
