The Repercussions Of Yellen Fed Burning The Buck & How To Trade It

06/07/16 08:53AM EDT

The Repercussions Of Yellen Fed Burning The Buck & How To Trade It - burn buck

With the Yellen Fed intent on burning the buck, the U.S. dollar continues to drive asset reflation.

Here's analysis via Hedgeye CEO Keith McCullough in a note sent to subscribers earlier today:

"Not surprisingly, USD oversold signal registers overbought signals in CRB Index, Gold, and Copper – WTI’s overbought level right around $49.99/barrel (CRB Index overbought level = 193); Copper backing off 1st, as it’s the weakest of the reflation hands short-term traders are willing to hold."

https://twitter.com/KeithMcCullough/status/740125291868266496

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