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 about the Early Look.
|
With the US Dollar NOT DOWN + Global Bond Yields falling, Global Equity markets (particularly those with 80-90% TRENDING inverse correlations to USD) have not enjoyed the last month – neither has Gold. In the last month alone, here’s the score on that front: A) US Dollar Index up +1.2% That’s not exactly your world-wide “breakout in inflation” signal, fyi. |
