As mentioned recently, the $USD is having a much stronger market correlation since it broke out of its base about a week ago. We have the $USD shooting up parabolically-the correlation is inverse, we'd expect the SPY to move down, remember there was that last (first 1 min divergence of the day) divergence mentioned in the last post.
The SPY is reacting to both the divergence and the $USD which I believe are linked as the $USD started a move first.
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
No comments:
Post a Comment