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Daniel Nadler and Evan Schnidman argue that a weak dollar may benefit those with stock portfolios and pension plans in their column, “Strong Dollar Advocates Make A Weak Case:

In almost every recent Republican presidential debate, some candidates have advocated for a “strong dollar.”

Among the more extreme views are the push by Representative Ron Paul for a return to the gold standard and the statement by Texas Governor Rick Perry that Federal Reserve Chairman Ben Bernanke may have committed treason, a crime punishable by death.

What gets lost in this clamor is any discussion of winners and losers from a strong U.S. currency, and the recent correlation between the greenback’s strength and declines in the stock market.

A study we recently conducted indicates that investors — who constantly look for the most predictive correlations and lead indicators — could have done little better over the past five years than by tracking the relationship between the dollar and the Standard & Poor’s 500 Index. We found that simply looking for an intermediate high in the dollar could have successfully predicted every intermediate S&P 500 market bottom over the past five years (see attached figures).

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FBI attack suspect Ricky Shiffer, right, and at US Capitol on January 6, 2021

(Reuters) - An armed man who tried to breach the FBI building in Cincinnati, Ohio, on Thursday was shot dead by police following a car chase, a gun battle and a standoff in a cornfield northeast of town, officials said.

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Donald Trump

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Federal agents were searching for secret documents pertaining to nuclear weapons among other classified materials when they raided former President Trump’s Mar-a-Lago home on Monday, according to a new report.

Citing people familiar with the investigation, the Washington Post reported on Thursday night that some of the documents sought by investigators in Trump’s home were related to nuclear and “special access programs,” but didn’t specify if they referred to the U.S. arsenal or another nations' weapons, or whether such documents were found.

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