Below is the "Chart of the Day" from today's Early Look and a brief excerpt written by Hedgeye CEO Keith McCullough. If you're interested in learning more about how we approach protecting and growing our capital, make sure to download Keith's free 52-page eBook below.
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Especially if you haven’t owned this recent 10% breakout in the US Dollar, today is an almost perfect storm for USD weakness (and an immediate-term TRADE breakdown within its Bullish intermediate-term TREND): A. Trump “hesitates” on China tariffs (Dollar Down) B. BOJ (Bank of Japan) RAISED RATES! (Yen Up, Dollar Down) C. Some European PMIs stopped going down for a month (Euro Up, Dollar Down) Not ironically, my #VASP (Volatility Adjusted Signaling Process) gave me a short-term “Sell-SOME” signal in USD yesterday (Sold-SOME UUP in Real-Time Alerts and in Portfolio Solutions). |
