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Dollar Collapse Fuels S&P 7000 Melt-Up
The Big Picture: S&P 7,000 and the "Nominal" Bull Market
https://www.philstockworld.com/2026/01/28/which-way-wednesday-sp-7000-edition-fed-decision-powell-press-conference/
The S&P 500 is knocking on the door of 7,000, a level Phil Davis identifies as the "top of range" predicted last year. However, the report emphasizes that this milestone is driven less by organic economic explosion and more by inflation and currency devaluation.
The "Shrinking Measuring Stick": Phil argues that asset prices are rising mechanically because the Dollar has fallen roughly 14% since the start of the Trump…
The skinny
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