The SPY at last update was green, not anymore.
So was the IWM-"WAS"
The Q' are leading the pack still
And the DIA isn't far behind.
And the Euro.... I think maybe the correlations aren't quite what they usually are.
In fact they are not
Looking at the red-EURO close yesterday, it has clearly set a new low, the DIA is pretty far from that.
In fact, judging be recent correlations of a 1 pip move in the Euro equaling 2 DOW-30 points, we should see the DOW-30 at $11538 as it stands now, it's $11737 a discrepancy of 199 points!
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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