Forex indicators are getting a lot better than we thought they would, at least according to the market.
And the fact that the data is being reported by the same data-reporting agencies that provide the same stats to the Fed and Treasury seems to be the key reason for this.
For instance, the S&P 500 is up almost 9% this year.
And that’s the biggest gain in more than five years, with the Dow Jones Industrial Average rising 1,937 points.
The Nasdaq Composite is up 6,038 points.
Inflation has averaged 0.3% this month.
And it’s not just stocks that have made gains.
Forex-related companies are up almost 6% this quarter, according to data from Dow Jones.
The Dow has been up 18% this century, the Standard & Poor’s 500 has risen 2%.
The S&s are up 5%, and the Dow is up 15%.
That’s good news for investors, who are looking at a potential $10 trillion rally this year, and are also hoping for a faster recovery in the economy.
Forests, like all economic activity, will continue to expand and the world economy will expand at a healthy clip.
But for now, the market is being told to be patient.
Forecasters are also being told that the current situation could get worse before it gets better.