Markets Being Driven By US Dollar
By David Spurr on June 10, 2009 | More Posts By David Spurr | Author's Website
Look at the correlation on the various positions, R/E (SRS), Materials (SMN), Financials (FAZ), Energy (ERY) - It doesn’t matter - they’re all correlated the same - Take your pick.
Everything is being dictated by dollar movements. See correlations on UUP (long dollar).
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