Liberals Were Just Dying to Share This Talking Point Last Night
The Crusty Commies Are a Joke
Barack Obama Doing This Behind the Scenes Confirms Again That Kamala Was a...
Lawn Gone Liberty: The Update
Deportation Dysphoria in the Press, and MSNBC Loses Its Star Statistician
Jeffrey Goldberg Congratulates Himself All Over PBS
Shut Down the Department of Education ASAP
Why National Concealed Carry Reciprocity Will Make Americans Safer
Self-Destructive Democracies
The President Who Set the Precedent Against a Third Term
Roadmap to Reform CDC -- Currently the Centers for Disaster and Confusion
Progressives Are Well Organized, Patriotic Americans Have to Do It Even Better
Supreme Court’s Getting Busy
Lawmakers Shouldn’t Let Bad Actors Get Away With Harming Children Online
Where Are the Left’s Protests Now?
OPINION

Bid For The Dollar Could Weaken Commodities

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement
AP Photo/Mark Lennihan, File

It is a defensive and sluggish session with the major indices well off their lows and ten-year bond falling. Lots of tech names that are not in the Nasdaq or S&P are higher. 

Advertisement

Only two sectors are in the green this afternoon with consumer discretionary holding the lead. The TJX Companies, Inc (TJX) is the best performer in the sector after posting strong earnings results. These results raise the bar for peer Ross Stores (ROST), which is set to report earnings tomorrow afternoon. 

S&P 500 Index

 

-0.19%

Communication Services XLC

 

-0.35%

Consumer Discretionary XLY

+0.64%

 

Consumer Staples XLP

 

-0.23%

Energy XLE

 

-0.98%

Financials XLF

 

-1.18%

Health Care XLV

+0.21%

 

Industrials XLI

 

-0.80%

Materials XLB

 

-0.53%

Real Estate XLRE

 

-0.81%

Technology XLK

 

-0.06%

Utilities XLU

 

-0.22%

 

The dollar has appreciated around 2% over the last month, with a notable move last week. This strength has coincided with commodity weakness, despite some resilience this week. If this bid continues for the dollar, there could be more downside for commodities.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos