CHART OF THE DAY: Dollar Bullish Trend Confirmed

05/07/18 07:41AM EDT

Editor's Note: Below is an excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to get it.

It’s that time of the week again. That’s right data-driven #process fans, it’s Macro Monday! Today is the day we review last week’s macro moves (in rate of change terms) and contextualize them within our multi-duration (TRADE, TREND, and TAIL) framework. 

First up, it was Dollar Up and #InflationAccelerating last week: 

  1. US DOLLAR Index was up another +1.2% last week and up for the 3rd week in a row confirming the new Bullish TREND @Hedgeye 

CHART OF THE DAY: Dollar Bullish Trend Confirmed - 05.07.18 EL Chart

CHART OF THE DAY: Dollar Bullish Trend Confirmed - early look

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