I made a lot of the correlation and the recent trend of the dollar being strong in the a.m. the last 3 days and weak after the EU close, stocks have an inverse relationship, so that partly explains the a.m. sell off and the afternoon rally.
Take a look at this morning thus far.
This is the SPY vs the intraday dollar, while the slide in the dollar here is barely perceptible...
It's noticeable in the EUR/USD
The AUD/USD
and the USD/CHF.
Really just about any currency.
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