The Weak Dollar Narrative

Lance Roberts33.83K FollowersFollow5ShareSavePlay(23min)CommentsSummaryEnergy, financials, and industrials continued to attract flows as investors leaned into cash flow, dividends, and near-term earnings certainty.The S&P 500 software and services group has lagged the S&P 500 by roughly 24% recently, near the widest gap in decades.The market has remained in a broad consolidation pattern since last October and, February is returning to its statistical nature of weakness.If core PCE reaccelerates, yields could back up, putting pressure on long-duration growth stocks.The dollar has been in a very strong uptrend since the Financial Crisis and remains there. Maximusnd/iStock via Getty Images Market Brief – February Lives Up To Its Name We noted last week that February tends to be a weaker month for returns. So far, it has certainly lived up to its name. This past week openedThis article was written byLance Roberts33.83K FollowersFollowAfter having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; I have pretty much "been there and done that" at one point or another. I am currently a partner at RIA Advisors in Houston, Texas. The majority of my time is spent analyzing, researching and writing commentary about investing, investor psychology and macro-views of the markets and the economy. My thoughts are not generally mainstream and are often contrarian in nature but I try an use a common sense approach, clear explanations and my “real world” experience in the process. I am a managing partner of RIA Pro, a weekly subscriber based-newsletter that is distributed to individual and professional investors nationwide. The newsletter covers economic, political and market topics as they relate to your money and life. I also write a daily blog which is read by thousands nationwide from individuals to professionals at www.realinvestmentadvice.com.