Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.
Even though some stock markets had bear market bounces last week, it paid to be long of Quad 4 exposures. In FX, the best of those positions remains #StrongDollar. US Dollar Index was up another +0.3% last week to +5.2% YTD and remains Bullish @Hedgeye TREND. If you’re long of US Dollars and getting paid in US Dollars, Quad 4 is great for you and your family. If you’re getting paid in one of the aformentioned crashing currencies, not so much.