That's what 3C means, "Compare, Compare, Compare", it's a reminder that you find important information where other people miss it, or as they say, "To make money, you have to see what the crowd missed".
Here's the market/SPY with the FX correlation that usually running at 1.0, in the last hour down to .60
The FXE/Euro is in red and failed to make any new highs like the SPY did in yellow and a bit before. That mismatch in correlation seems to be returning back to the median now.
Is interest rates about to start going up?
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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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