CHART OF THE DAY: Burning Euros = #StrongDollarDeflation = Oil Slammed

Editor's Note: This is a brief excerpt and chart from today's morning market note from Hedgeye CEO Keith McCullough. Click here to learn how you can subscribe. 

 

CHART OF THE DAY: Burning Euros = #StrongDollarDeflation = Oil Slammed - z 07.07.15 chart

 

What are we learning this early in the week?

 

    1. Burning Euros (down another -0.7% to $1.09) are perpetuating #StrongDollarDeflation risks, across markets
    2. With the US Dollar up again yesterday, the CRB Commodities Index got tagged for a -3% loss in the backfield
    3. With WTI Oil and Copper -7.7% and -3.5% on the day, respectively, both are right back in @Hedgeye TAIL risk mode
    4. Energy Stocks (XLE) led losers -1.3% on that yesterday and are already -2.2% to start July = down -7.1% YTD