U.S. Dollar begins to rise on sticky inflation, a wider middle east conflict, Donald Trump possibly being re-elected as America's president in November 2024. All stock market negative. Stocks bull run for the tailend of 2023 may have come to an end.

 

Current headwinds for stocks.  Positives for the U.S. Dollar.  

(Please also refer to the chart above).

• CPI came in stronger for December 2023, pertaining that inflation, more so energy inflation has become embedded. 

• USD rises on risk aversion, re:  Middle East.  American and U.K. airstrikes on Yemen, Iran seizes oil tanker in the Gulf of Oman and missile strikes Iraq and Syria, targeting Islamic State, apparent Mossad base and Kurdish positions, to which Israel and the U.S. have been also bombing Iraq, Syria targeting Iranian positions.  Risking the whole region to descend into a major conflict.

• Oil price is rising, bid at over $73 on risk aversion.

• Donald Trump has won the Iowa caucus nominations as a Republican candidate for the U.S. presidency.  U.S. elections are being held in November 2024