Mirror Images: Dollar Down, Stocks Up
Market Commentary Highlights...
- The ongoing decline in the US dollar is reinforced by several pressures including the unsustainable budget deficit, slackening foreign demand, and the easy monetary policy of the Federal Reserve (Fed). The dollar may get a respite this Wednesday, April 27, when Fed Chairman Ben Bernanke may signal a pending transition in Fed policy. However, any near-term dollar strength is likely to be short-lived and we expect the orderly decline in the dollar to continue and maintain the favorable, mirror- image-like relationship with the stock market.
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Economic Commentary for the week of April 25, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
###This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.com