CHART OF THE DAY | Correlation Risk: U.S. Dollar, CRB Index

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

"... Putting our immediate-term TRADE signal in the context of long-term TAIL risk:

  1. US Dollar Index would have to sustain a break-down through the 92-93 level
  2. CRB Commodities Index would have to sustain a break-out (on accelerating volume) through the 190-192 level

*As of this morning, the US Dollar Index and CRB Commodities Index are trading at 94.55 and 185, respectively."

CHART OF THE DAY | Correlation Risk: U.S. Dollar, CRB Index - 05.17.16 EL Chart