A Strong Dollar, Weakness in Commodities and A Christmas Rally

By Jim Dondero | December 3, 2014

  • We continue believe the US Dollar will remain strong into 2015, and that commodities will remain in down trends. That being said, the dollar could stall over the short term, allowing crude oil, and other commodities, to finally see a counter-trend bounce.
  • Weakness in commodities such as crude oil and precious metals has contributed to interest rates drifting lower, and we believe the 10-yr US Treasury will continue to grind toward 2%.
  • Finally, stocks in the US appear on track to continue their Christmas Rally, and that select emerging markets such as India, China and Mexico also remain attractive.

 

The views and opinions expressed are for informational purposes only and are subject to change at any time. This material is not a recommendation, offer or solicitation to buy or sell any securities or engage in any particular investment strategy and should not be considered specific legal, investment or tax advice. There is no guarantee that any of the forecasts will come to pass. Past performance is no guarantee of future results.

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