Opening Bell: Tuesday Morning’s Top News and Stocks to Watch
All the news and information you need in Tuesday’s Opening Bell on Money & Markets.
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Dollar May Be Set for Another Crushing Bout of Strength
“The historic rally is not quite over,” Goldman Sachs said, adding that in a further equity drawdown, there could be another 3%-5% upside to the trade-weighted dollar from recent highs.
Bonner: Coronavirus Fears Spark Gold Shortages
As prices rise for goods, services, and assets… it means the purchasing power of each dollar is going down. The dollar will be the gasket that blows… releasing the pressure from trillions of dollars’ worth of fake money.
Closing Bell: Rally Continues as Gov’t Closes in on ‘Emergency Relief’
“This market still faces challenges from the coronavirus and its economic fallout, so there are bound to be false starts, retracements and tests,” Rick Swope, a director at E*TRADE Financial Corp., told Reuters.
2020 Olympic Games Postponed for 1 Year; Japan Faces Worst Recession Since ’08
Japan’s economy will take a big hit with the postponement of the 2020 Olympic Games in Tokyo.