The Dow Jones Industrial Average came very close to its 20,000 milestone before falling short and backing off. The blue-chip index came within a point of the level in the afternoon session. Crude oil ended the day with slight gains even after another increase in the number of active oil rigs drilling for crude in the U.S. Baker Hughes (BHI) data showed an increase for the tenth consecutive week in a row. PriceSmart (PSMT) reported a mixed quarter. The warehouse club retailer surpassed earnings estimates, while falling short on sales. PriceSmart said a stronger U.S. dollar and weakness in key regions had hampered its quarterly performance. Amgen (AMGN) climbed after a federal judge ruled that drugmaker Regeneron (REGN) had to pull a rival cholesterol drug from shelves. The decision was part of a patent lawsuit.
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GDP and corporate earnings trends are not favorable and increasingly indicate slowing economies here and abroad.
Manpower Group is seeing significant un-reflected value from past performance, glowing future prospects for the coming three to five years, and a future currency-related rise due to an eventual weakening of the dollar.
These 3 stocks have little overseas exposure and could benefit from dollar strength.
I start this week in risk-off mode and want to sell every rally in risk.