CHART OF THE DAY: Moarrr #Draghi Cowbell = Moarrr #StrongDollar Driven #Deflation

CHART OF THE DAY: Moarrr #Draghi Cowbell = Moarrr #StrongDollar Driven #Deflation - 03.05.15 chart

Editor's note: This is an excerpt from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here to learn more and subscribe.

And then there was moarrr #Deflation

Remember that, perversely, moarrr cowbell from Draghi = moarrr #StrongDollar driven #Deflation:

  1. Cowbell = Centrally Planned Currency Devaluation
  2. EUR/USD is getting smoked to -8% YTD and multi-yr lows of $1.10 ahead of Draghi’s latest (830AM EST)
  3. US Dollar Index is rocketing to $96.21 on that, +6% YTD and +21% from its 2014 lows!
  4. Commodities (CRB) Index (19 Commodities which largely trade in Dollars) continues to crash -28% y/y
  5. Oh, and WTI Oil, which you could have chased at $105 at this time last year, has crashed > 50% since