Dollar Slides, Gold Rises, BTC Poised for Breakthrough, Oil Bearish
Schwab Network · Schwab Network
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Show Notes
Scott Bauer breaks down the markets beyond stocks. He weighs in on the dollar's (/DX) recent weakness in the wake of the Moody's downgrade, but notes the relatively muted response across other asset classes. Meanwhile, gold (/GC) is higher due in part to its oversold condition and the ongoing safe-haven bid. Turning to Bitcoin (/BTC), he believes the cryptocurrency is set to break all-time highs, driven by growing risk appetite and acceptance. In commodities, Scott is bearish on crude oil (/CL), citing a lack of demand and potentially higher OPEC production.
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