18 High-Yields Of The S&P 500 | The Best Dividend Payer Of The Index
This morning, all of the leading base and industrial metal stocks are catching a bid higher. It is important to note that this sector has been very weak since the start of the year. A case can be made that the leading base and industrial metal stocks have been weak since March 2011. One of the leading stocks in the sector is Freeport McMoRan Copper & Gold Inc (NYSE:FCX).
By now everyone should know that when the U.S. Dollar Index is strong the major stock and commodity markets will deflate and trade lower. Most leading commodity stocks are falling sharply lower today as the U.S. Dollar Index futures surge higher. Traders can easily see how the PowerShares DB US Dollar Index Bullish (NYSEARCA:UUP) is trading higher by 0.17 cents to 22.51 a share.
This morning, all of the leading base metal stocks are fading from their gap higher open. Around 8:00 am EST, the Federal Reserve Chairman Ben Bernanke stated that he would consider more accommodating policies for the U.S. economy in order to stimulate job growth. This statement crushed the U.S. Dollar Index futures (DX-M2) and spiked the stock markets higher.
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U.S. Dollar Plummets, That Is All you Need To Know
This morning, the U.S. Dollar Index is declining and that is helping to inflate the major stock indexes once again. Normally, energy and commodity stocks will be the first equities to inflate when the U.S. Dollar declines, however, these days everything in the market including technology stocks will inflate as soon as the U.S. Dollar dips.