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….