What's going on right now with the US dollar is of paramount importance. It could be the 1st, 2nd and 3rd most important thing in my notebook.
In case you hadn’t noticed, USD is up for the third consecutive week now. It's holding its higher-lows vs June and knocking the Yen solidly back into a Bearish Formation.
Here's the Hedgeye formula: #StrongDollar + #RatesRising = good things for the TREND that is growth stocks rising in the USA.
Bottom line? Keep a close eye on the dollar. Thank you for your support and have a great Labor Day weekend.
(Editor's note: This is an excerpt from Hedgeye CEO Keith McCullough's investment research. For more information on how you can subscribe to Hedgeye research, please click here.)