Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.
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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. |
