Is King Dollar’s Reign Over? | LPL Market Signals
LPL Research discusses concerns about the U.S. dollar possibly losing its reserve currency status, key earnings season takeaways, and the week’s important inflation data.
Chapters:
00:00 - Intro
00:36 - Agenda
01:32 - S&P 500 Near Resistance at February Highs
03:53 - Global Equity Markets - as of May 5, 2023
06:38 - Fixed Income & Commodities Markets - as of May 5, 2023
08:35 - Fed Funds Rate Now Higher Than Inflation
10:50 - Markets Still Pricing in Cuts Beginning in September
12:42 - Payrolls Still Roughly 3 Million Below Trend
14:58 - Prime-Age Workers Key To Productivity Growth
17:41 - Foreign Exchange Turnover By Currency
20:34 - Percentage of Total Allocated Reserves in the U.S. Dollar
23:42 - Q1 Earnings Decline Has Almost Been Erased Thanks to Strong Profit Margins
25:10 - Forward Earnings Estimates Have Risen Recently, Suggesting Likely Trough
27:56 - Week Ahead: It's Inflation Week
32:05 - Closing
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