Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn how to subscribe.
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As you can see in today’s Chart of The Day, Foreign Currency (FX) and Interest Rate Volatility is breaking out to the upside as US Equity volatility breaks to the downside. This is another fractal way to summarize our #GlobalDivergences Q118 Macro Theme. When do US Dollars and US Growth exposures stop looking this good on both a relative and absolute basis? I can tell you that the answer to that question is not “valuation” driven. It will be rate of change driven. |
