McCullough: Keep A Close Eye On The U.S. Dollar

Another update on the dollar.

Let’s reiterate: If you get the Dollar right, you usually can get everything else right.

That can only run its course for so long, but let's look at today's U.S. Dollar inverse correlation data.

It’s all about what happens on the margin in Macro, it’s what happens in the particular moves within the move that matter the most.

If you study our OODA Loops against the Hoodies you really understand how the margin matters.

The S&P Inverse Correlation has now toned down a bit down to 87% as opposed to the weekly high of 95% You can see that Gold is still at 95% too.

Any form of a "Dollar Up" move would create a correction in Gold and even in something more broad like Equities.