Name: Luke Gromen On Lower U.S. Dollar & Crude Oil Prices Taking Selling Pressure Away
Uploaded: 2023-11-15T17:14:42.405
Duration: 9 min 23 s

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Futures tick higher as investors look forward to retail sales and PPI data. Luke Gromen says that the U.S. Dollar, as well as crude oil prices need to weaken meaningfully. Crude oil recently fell quickly from $92 to $78. Is the Federal Reserve correct in stating that the bond market has done the work for them in moving the dollar lower? Gromen weighs in on whether a stabilization is in the future.