The U.S. dollar continues to gain strength against foreign currencies, which is good news for any American trying to stretch their money overseas. But according to some financial experts appearing on CNBC’s Trading Nation, the rising dollar could be the biggest threat to the stock market in 2017.
“As the Federal Reserve gets closer to December, you’re going to continue to see the dollar notch up in value,and I think the Fed will raise interest rates by a quarter percent in December and again late next year. Such moves could push the dollar about 3 to 6 percent higher, and that could apply pressure to the overall financial system. As the dollar rises further, financial conditions will start to actually tighten, and we believe that the equity markets could have relative sub-par kind of performance in 2017, along the lines of 4 to 6 percent. Such a pullback could potentially “unhinge” the financial system.“
This week the dollar index, which follows the value of the U.S. dollar as compared to other major currencies, rose above 99 — the first time it has been above that level since February 2nd. See more below.
Many of you who have attended Phil Cannella’s and Joann Small’s Crash Proof Retirement® Educational Events have told us about your worries of another stock market crash approaching and what it would mean to your retirement nest-egg. At Crash Proof Retirement®, we know that you can’t afford to lose 40%, 30% or even 20% in the next stock market crash. How can you make that money back if you’re already in retirement?
Get educated on the exclusive and proprietary Crash Proof Retirement® System that is 100% guaranteed to protect your retirement nest-egg principal from any market crash or downturn. It also leaves open the possibility that when the market goes up- your accounts go up! And your gains are always credited as interest so they can never be taken away.
Sound too good to be true? We invite you to get educated at the next Crash Proof Educational event near you. There is no cost…No obligation…just a Crash Proof Education from Phil Cannella and Joann Small. Call 1-800-722-9728 or register HERE.
See more below.