Momo Gurus Predict Demise Of Dollar Bull Run, China Data Tempers Enthusiasm For Stocks
Portfolio Pulse from The Arora Report
Momentum (momo) gurus predict the end of the dollar bull run, which could impact the stock market. The Invesco DB US Dollar Index Bullish Fund (UUP) chart shows a recent drop in the dollar. A weaker dollar could increase the cost of imports and impact inflation in the U.S. The biggest beneficiary of a weaker dollar is emerging markets. Economic data from China has slightly tempered enthusiasm for stocks. The 'magnificent seven' stocks (AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA) have mixed money flows.
July 17, 2023 | 3:21 pm
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NEGATIVE IMPACT
The Invesco DB US Dollar Index Bullish Fund (UUP) could be impacted by the predicted end of the dollar bull run. A weaker dollar could increase the cost of imports and impact inflation in the U.S.
The predicted end of the dollar bull run could lead to a weaker dollar, which could increase the cost of imports and impact inflation in the U.S. This could negatively impact the performance of UUP.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple Inc (AAPL) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including AAPL. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Amazon.com, Inc (AMZN) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including AMZN. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Alphabet Inc Class C (GOOG) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including GOOG. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Meta Platforms Inc (META) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including META. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Microsoft Corp (MSFT) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including MSFT. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
NVIDIA Corp (NVDA) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including NVDA. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tesla Inc (TSLA) is one of the 'magnificent seven' stocks with mixed money flows. The performance of these stocks could be impacted by the predicted end of the dollar bull run and economic data from China.
The predicted end of the dollar bull run and economic data from China could impact the performance of the 'magnificent seven' stocks, including TSLA. The impact could be positive or negative depending on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bitcoin (BTC) could be impacted by the predicted end of the dollar bull run. A weaker dollar could increase the value of Bitcoin.
The predicted end of the dollar bull run could lead to a weaker dollar, which could increase the value of Bitcoin. This could positively impact the performance of Bitcoin.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60