Shaping the holiday week, we identify five general points that we expect to underpin the US dollar and equities. 1. Last week's events (FOMC and SNB) reinvigorated the divergence thesis that was questioned during what appears to have been a technical correction. US data in the days ahead will reinforce the perception of US economic strength. This may also ease concerns that the strength of the dollar is curbing growth. At the same time, more aggressive ECB action is anticipated, while the BOJ may have to increase its efforts. 2. Durable goods orders will be lifted by a sharp jump in Boeing orders, but the details of ... (full story)