Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.
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Why do we care about Rupiahs vs. US Rates Signals? A: because we’re long of Emerging Markets in Indonesian terms (via IDX) and EM (Emerging Markets) do NOT #like Counter TREND pops in the US Dollar like that. What’s the #1 critical threshold (TREND) line in Global Macro right now: A: $103.40 on the US Dollar Index = TREND Resistance |
