US & Global Markets Still Strong

US & Global Markets Still Strong

US and global markets remained strong, despite Irma trying to wreak havoc on Florida and the Keys.

My family and I live part-time in Miami Beach and, while my family was in Texas, I was in Miami Beach when the storm approached.  Luckily, I left the day before the storm came.  Thankfully, the damage was limited and I just got word my neighborhood in Miami Beach has already restored power.  While Irma left a catastrophic path in its wake, it wasn’t as bad as it could have been.

Therefore, short-sellers that thought the storm would totally wipe out Florida got squeezed out on Monday and the S&P reached a new high.

For global markets, Latin America remains the topped rank asset,

with Emerging Asia bouncing back this week after experiencing a soft weak last week.

The US Dollar continues to decline…..

while Europe, Asia, Ex-Japan, and Japanese equities also break-out to the upside….