Jack Roberts, Options Strategist at “Simpler Trading”, discusses with Kurt Schemers and Don McKelvey on Traders Nation® how the FED eased up after one quantitative tightening, and as a result we saw a strong market in January. We further discussed, will the market continue to perform for traders and investors? This is a possibility since consumer confidence remains strong and a primary driver of the economy.
On the global scale, a lot of countries have their debt denominated in US dollar. Now, most of these countries use their own currency, which means their debt more expensive, and this, in most cases, is unsustainable. So, there is global weakness, and certainly could have a direct effect on the US market on the horizon.