Hawkish Powell Will Reinvigorate The Dollar

<p>"It is hard to get excited until the crude oil price gets above the $82 or $83 level. The China reopening story has played into it. The U.S. Dollar is in a bottom pattern with inflation as the economy is moving in a better pattern. Consumer spending has been strong and I expect retain spending for January to be strong. Next week, a hawkish Jerome Powell will reinvigorate the Dollar. I also think there is a lot of resistance in the range within the S&amp;P 500 Index or SPX chart," says Bill Baruch.</p>