By Chris Becker
Another day, another new record high in US stocks, and now a new decade high in USD as the release of the Fed minutes heralds a possible return to interest rate normalcy. US Treasuries were sold off sharply as durable goods orders spiked higher than expected. European shares however remain in a funk, with preliminary PMIs showing expansion in German manufacturing, but even combined with a lower Euro it wasnt enough to stir the confidence fairy. US markets are closed tonight due to Thanksgiving.
Looking at Asian stocks yesterday first, where the Shanghai Composite had a breather in its fast running bear market rally, losing 0.2% to 3241 points. My next target at 3400 points remains in sight, but this could turn into a wider pullback to previous resistance, now support at 3140:
