The U.S. Dollar is getting pulverized. Why? Because the United States doesn’t have a monetary policy to protect it. Euros and Pounds love this. The world will even buy Yens if Bernanke doesn’t buck up to the bar.
With our long-term Hedgeye TAIL risk line of $79.21 USD Index under attack, we went to net short in #RealTimeAlerts yesterday (6 LONGS, 9 SHORTS).
Click image to enlarge.
Get the dollar right, and you’ll get a lot of other things right.