Stocks recently hit new highs based on a dubious jobs report.
The problem is, that this ALSO pushed the $USD higher as investors believe this puts a September rate hike back on the table for the Fed.
This is a MAJOR problem for the markets. Over 40% of US corporate revenues come from abroad. A stronger $USD means weaker sales and ultimately lower profits.
Worse still, the $USD has broken out of a massive falling wedge pattern. We’ve also bounced off of former resistance, implying this is now support. So the $USD will be heading higher…MUCH higher in the coming months.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.
In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.
We are giving away just 1,000 copies of this report for FREE to the public.
To pick up yours, swing by:
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
via http://ift.tt/2aKh2O8 Phoenix Capital Research