This time last week I was busy writing about the coming week. What will the FED do? How will the market react. Will the big 'patience' word be removed?
The key this week, aside from the move higher in stocks, was the US Dollar pulling back. The massive move to the upside has taken a breather. That's good news for the stock market and it's something I've been saying needed to happen for stocks to rally.
On Wednesday the FED kept expectations of a rate hike, while also weakening the dollar... it's magic! The US Dollar was so upset on Wednesday it crashed after the stock market closed.