Investors will be hearing a lot about the strength of the U.S. dollar and the implications for multinational U.S. companies. Remember almost half of the S&P 500 revenue comes from outside the U.S. A rising dollar can crimp the return from those sales.
Dow futures tanked 100 points on the opening Sunday night as the Greek people overwhelmingly voted for the far left Syriza party. That likely means to us that Greece will depart from the EU at some point because they “simply cannot pay their debts” in the words of Tsipras.
With the ECB the focus on Thursday (our own central bank tomorrow) and headlines from the rich and powerful from Davos, Switzerland, and the State of the Union tonight, there are more than a few ways to distract you from buying your shopping list or selling your overvalued stocks. Don’t be paralyzed. It’s your money.