Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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As you can see in today’s Chart of The Day, you know you have a correlating US Dollar Deficit Devaluation when the bloody Sri Lankan Rupee is signaling Bullish @Hedgeye TREND vs. USD. Remember those linear chart guys were sending around “USD breakout” (and Copper “breakdown”) charts 4-5 weeks ago? Thanks for coming out. You need to do a little more than Moving Monkey charting in Global #Quad2. Instead of a “mid cycle slowdown” last week, what you really got was a breakout to new Cycle Highs for Commodities. |
