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.
"... Now how about us crazy Canucks who have a 60% Cash position in USD (and 10% in Gold)?
- US DOLLAR has not only held @Hedgeye TREND support but continues to rise as the Pound (and Euro) are devalued
- USD has developed an immediate-term POSITIVE correlation of +0.8 with GOLD
- GOLD continues to hold an intermediate-term INVERSE correlation of +0.9 with 10YR Yields"