David Nicoski: Weaker Dollar Likely Ahead – Next Rotation Target, Emerging Markets

Jim welcomes back David Nicoski CMT, Director of Research at Vermilion Technical Research, LLC. Dave is watching the US dollar level carefully, noting its direction will dictate where the global money will flow. The key levels are above 96 and below 93 on the dollar index. Dave notes his work indicates that a weaker dollar is more likely ahead. Given that case, he sees the emerging market sector as the next rotation target for global capital. Dave also comments on gold and commodities, and sees emerging bull markets in both areas. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Robert Rapier joins Jim to cover an overview of the energy markets and the Brexit vote impact on energy as well.

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