In today’s shortened pre-holiday trading, the U.S. dollar rose, thanks to bright economic data boosting convictions that the Federal Reserve will continue tapering its stimulus. “The U.S. data was robust enough to keep the dollar supported to year end, and to convince investors that the Federal Reserve will continue to taper,” said Michael Sneyd, FX strategist at BNP Paribas.
[Note: Due to the Christmas holiday week, I’m sharing with you one of my favorite PowerTalks from the past. This PowerTalk originally was posted on December 12, 2012. However, the following analysis is updated.]
Contrary to expectations, Safety and Security PowerTrend company Smith & Wesson (SWHC) has had a successful year, rising 36.78% since this PowerTalk was first
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