In Steve Leuthold’s 2005 ‘Outlook’, he called for a strengthening of the Dollar vs. the Euro in 2005, with the Dollar/Euro exchange rate hitting 1.16 before year end. So far, the dollar has made good progress towards achieving that target.
Steve Leuthold answers client questions in this month’s “View From The North Country”, including his thoughts on the slowing earnings growth, and his definition of secular bear markets. His dollar outlook is also updated.
Physical metals experienced a deep sell-off on Wednesday Oct. 13th. It was one of the largest single day drops ever in the base metals markets, prompting London metals traders to dub the day “Black Wednesday.”