Dollar Is Key for Markets in 2010
A scenario where the dollar and asset classes can both rise is not likely.
Yahoo TechTicker's Aaron Task notes the main theme for 2009 was the reflation trade. But when looking ahead to the next calendar year, Todd wants to discuss the dollar and its correlation to market performance. He says that he doesn't "foresee a scenario where both the dollar and asset classes can rise." For example, look at a chart for gold this week.
Though, calmer credit market action going into next year suggests there's a "window" for the 'reflation' trade to continue, with S&P 1120 as a key near-term technical demarcation.
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