CHART OF THE DAY: Key $USD Correlations

09/28/22 07:54AM EDT

Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

We publish “KEY USD CORRELATIONS” to the #HedgeyeNation Community, daily:

  1. Immediate-term TRADE Correlation between USD and SPX = -0.94 this morning
  2. Immediate-term TRADE Correlation between USD and CRB Commodities Index = -0.94 this morning

I could obviously go on and on (showing you the Core 27 Factors on my Global Macro #VASP dashboard), but I don’t have time to do that this morning. Summary: it’s the definition of Global #Quad4 Recession/Crash risk.

CHART OF THE DAY: Key $USD Correlations - 2022 09 28 08 04 34

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